Amsterdam-based startup Brineworks has secured €2 million in funding, led by VC agency Pale blue dot. This funding highlights the arrogance in Direct Ocean Seize (DOC) expertise and its potential to remodel the e-Gasoline enviornment.
Brineworks’ seawater electrolysis expertise permits sustainable and inexpensive extraction of CO2 and H2 from the ocean. That is key for reaching massive scale e-Gasoline manufacturing and decarbonizing extremely emitting industries like maritime and aviation.
The startups’ current seawater electrolyzer developments have set a brand new customary for CO2 extraction, with a transparent path to underneath $100 per ton, in comparison with $230 – $630 per metric ton of CO2 for Direct Air Seize in response to the Worldwide Vitality 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 expensive,” stated Gudfinnur Sveinsson, CEO of Brineworks. “Brineworks affords an alternate that’s sustainable, scalable, and cost-effective, making e-Gasoline scale-up for the maritime and aviation industries an actual chance.”
Brineworks’ seawater electrolyzer permits 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 gives a major income stream but additionally units a brand new customary by with the ability to supply CO2 extraction at underneath $100 per ton. The electrolyzer gives a clear, decentralized, and self-sufficient power resolution, able to powering engines with out counting on the grid or being affected by geopolitical conflicts over fossil gasoline provides. That is true power sustainability.
“What if any nation on this planet may make sustainable oil from renewable electrical energy and seawater alone? We predict Brineworks discovered the important thing to that,” added Hampus Jakobsson, Common Associate at Pale blue dot.
This new funding will assist Brineworks, co-founded by Gudfinnur Sveinsson and Dr. Joseph Perryman, speed up its technical growth and will probably be key to deploying its first technical pilot mission.
