CarbonQuest raises $20m to scale carbon capture technology

Carbon capture technology provider CarbonQuest has closed a $20m funding round for the wider North American deployment of its Distributed Carbon Capture™ (DCCS) technology.

CarbonQuest’s DCCS technology allows carbon dioxide (CO2) capture in space-constrained settings. It is suitable for most industrial facilities, utility infrastructure, and campus settings with onsite power generation.

The funding came from Energy Capital Ventures (ECV) and Aligned Climate Capital, two new institutional investors. The new capital will be added to the funds raised earlier with Riverbend Energy Group.

Shane Johnson, CEO of CarbonQuest, said he is thrilled to close the funding round with two more investors.