US-headquartered climate tech company Spiritus has secured $30m in Series A funding to expand its carbon removal technology. The round was led by Aramco Ventures with participation from Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures. The fresh capital will be deployed to advance Spiritus’ plans to develop large-scale carbon capture facilities in the US and abroad.
Spiritus is advancing three projects aimed at demonstrating large-scale DAC. These include its New Mexico pilot facility, which is a 1,000-tonne DAC site that looks set to begin operations this year.
Another project, Orchard One in Wyoming, will be a full-scale DAC facility with a planned capacity of two megatonnes of CO2 per year.
Through its partnership with Aramco, Spiritus will also roll out its DAC technology for deployment in Saudi Arabia.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
