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- CarbonQuest Secures Series A Funding to Expand Distributed Carbon Capture Technology
CarbonQuest Secures Series A Funding to Expand Distributed Carbon Capture Technology
Slice of Energy Team
August 16, 2024
Key Highlights:
CarbonQuest closes Series A funding with Riverbend Energy Group.
Funding to expand Distributed Carbon Capture™ technology to new markets.
Focus on natural gas emissions, biogenic CO2, and utility infrastructure.
Source (Business Wire)
Notable Quotes:
"We are one of the few carbon capture companies with commercial products on the market today, and this investment will enable us to continue bringing distributed carbon capture to a wider swath of the market."
"We see more and more opportunities for distributed capture every day, ranging from traditional hard-to-abate sectors to new and existing onsite distributed power that we can now couple with distributed carbon capture to offer low carbon and resilient onsite power. A partnership with Riverbend enables us to scale faster and take on more clients."
"CarbonQuest’s innovative approach offers scalable, economically viable solutions that can be deployed across a wide range of markets. We are excited to collaborate with CarbonQuest's experienced and talented team and believe this partnership will be a game changer in multiple markets."
Our Take:
CarbonQuest’s Series A funding from Riverbend Energy Group marks a significant milestone in the evolution of distributed carbon capture technology. This strategic investment not only validates CarbonQuest's innovative approach to decarbonization but also positions the company for accelerated growth in various market segments. The focus on expanding into natural gas emissions and utility infrastructure aligns with global trends toward more sustainable energy solutions. By advancing its technology and partnerships, CarbonQuest is well-positioned to lead the charge in addressing hard-to-abate emissions, contributing meaningfully to global climate goals.