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illuminem summarises for you the essential news of the day. Read the full piece on TechCrunch or enjoy below:
🗞️ Driving the news: RepAir Carbon, an Israeli startup, has unveiled a new carbon capture device inspired by battery technology, potentially reducing direct air capture (DAC) costs to $70–80 per metric ton — a significant drop from the current ~$600 average
• The company recently secured a $15 million Series A extension led by Extantia Capital and Taranis Carbon Ventures, alongside a $3 million grant from the Israeli Innovation Authority
🔭 The context: Direct air capture technologies, crucial for net-zero goals, have long struggled with prohibitive costs due to energy-intensive processes involving chemical solvents
• RepAir's innovation replaces the thermal regeneration process with an electrochemical method, enhancing efficiency and allowing continuous carbon capture without downtime — a major operational advantage
🌍 Why it matters for the planet: Affordable and scalable carbon removal technologies are essential for meeting global climate targets, especially for hard-to-abate sectors
• RepAir’s approach, by lowering costs and enabling continuous capture, could make negative emissions technologies more accessible to a broader range of businesses, enhancing carbon removal markets and supporting net-zero commitments.
⏭️ What's next: RepAir is in discussions with gas turbine developers to integrate its systems into data centers' exhaust streams, potentially decarbonizing one of the fastest-growing energy demand sectors
• Broader commercialization efforts and pilot projects are anticipated in the coming year, with scaling plans dependent on performance validation and market uptake
💬 One quote: “We regenerate while working,” — Amir Shiner, co-founder and CEO of RepAir Carbon, highlighting a key efficiency advantage over conventional systems
📈 One stat: Direct air capture technologies currently cost around $600 per metric ton of CO2 removed — RepAir aims to cut that by up to 87%
See on illuminem's Data Hub™ the sustainability performance of carbon removal companies like Heirloom
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