ETH Zurich-founded CO2 storage technology developer Climeworks has now amassed more than $50m in equity and grants.
Climeworks, a Switzerland-based carbon dioxide (CO2) storage technology company based on Swiss Federal Institute of Technology in Zurich (ETH Zurich) research, has attracted CHF30.5m ($30.8m) of funding from state-owned bank Zürcher Kantonalbank (ZKB) and a group of unnamed investors.
Founded in 2009, Climeworks has created a modular, scalable technology that enables industrial clients to store CO2 filtered from air piped in from the outdoor environment.
The technology utilises a chemical binding to separate carbon from inward ambient air,…
