Amsterdam-based startup Brineworks has secured €2 million in funding, led by VC agency Pale blue dot. This funding highlights the boldness in Direct Ocean Seize (DOC) know-how and its potential to remodel the e-Gas enviornment.
Brineworks’ seawater electrolysis know-how allows sustainable and reasonably priced extraction of CO2 and H2 from the ocean. That is key for reaching giant scale e-Gas manufacturing and decarbonizing extremely emitting industries like maritime and aviation.
The startups’ latest seawater electrolyzer developments have set a brand new commonplace for CO2 extraction, with a transparent path to beneath $100 per ton, in comparison with $230 – $630 per metric ton of CO2 for Direct Air Seize in line with the Worldwide Power Company.
“Present CO2 seize strategies, whether or not from industrial sources or Direct Air Seize, are both not sustainable, too restricted in scale, or too pricey,” stated Gudfinnur Sveinsson, CEO of Brineworks. “Brineworks presents an alternate that’s sustainable, scalable, and cost-effective, making e-Gas scale-up for the maritime and aviation industries an actual chance.”
Brineworks’ seawater electrolyzer allows industry-leading CO2 extraction with its high-efficiency design, whereas co-producing inexperienced hydrogen (H2) at a low value. This dual-output course of not solely supplies a major income stream but in addition units a brand new commonplace by with the ability to supply CO2 extraction at beneath $100 per ton. The electrolyzer supplies a clear, decentralized, and self-sufficient vitality resolution, able to powering engines with out counting on the grid or being affected by geopolitical conflicts over fossil gasoline provides. That is true vitality sustainability.
“What if any nation on the earth might make sustainable oil from renewable electrical energy and seawater alone? We predict Brineworks discovered the important thing to that,” added Hampus Jakobsson, Normal Companion at Pale blue dot.
This new funding will assist Brineworks, co-founded by Gudfinnur Sveinsson and Dr. Joseph Perryman, speed up its technical improvement and might be key to deploying its first technical pilot undertaking.
