Carbon removal company Equatic has secured $11.6 million in a Series A funding round led by Temasek Trust’s Catalytic Capital for Climate and Health and Singaporean climate-oriented private investment office Kibo Invest.
This financial injection will enable the further advancement of Equatic’s dual-purpose operations of removing atmospheric CO2 emissions and producing green hydrogen.
Specifically, the funding will fuel the ongoing engineering of Equatic’s first 100-kilotonne carbon dioxide removal (CDR) commercial facility, paving the way for the commercialization of its proprietary seawater electrolysis technology.
Since its establishment back in 2023, Equatic has deployed pilot facilities in Los Angeles and Singapore, while also gaining recognition from the U.S. DOE’s CDR Purchase Prize, which listed Equatic among its semifinalists, and The Earthshot Prize competition, which recognized a finalist in this trailblazing decarbonization company.
Currently, its team is working on expanding operations in Singapore with a new demonstration plant called Equatic-1, as the company also moves forward with plans for a commercial-scale facility slated to operate in Canada.
Boasting a scalable technology that offers a solution for both atmospheric CO2 pollution and clean energy, Equatic has been gearing up to take its business operations to a larger level since last year.
To that end, in September 2024, Equatic made the bold move of launching a San Diego-based production of oxygen-selective anodes (OSAs), unlocking a logistical and technological optimization for its CDR and green hydrogen solution.
Relevant: Equatic To Manufacture Cost-Effective Oxygen-Selective Anodes In The US
Towards the end of last year, the company appointed its Chief Operating Officer Edward Sanders as the new Chief Executive Officer, trusting Jarred W. Guthrie with the role of Chief Project Officer and fortifying its Industry Advisory Board with Arup Group’s former Deputy Chair Dame Dervilla Mitchell.
With the newly secured funding, Equatic is fully set to make progress on its ambitious agenda, and, according to its founder and chief technology officer, Gaurav N. Sant, this Series A investment will accelerate the company on its mission of delivering durable CDR at scale.
Read more: Equatic And Arup Team Up On World’s First Large-Scale Ocean CDR Facility
