EnergyDigital Magazine February 2023 | Page 113

How does the company raise funding ? To date , Carbon Clean has raised $ 195mn through a combination of public and private sector investment . Carbon
Clean recently closed a $ 150mn Series C round led by Chevron , with participation from existing investors CEMEX Ventures , Marubeni Corporation and WAVE Equity Partners , and new investors AXA IM Alts , Samsung Ventures , Saudi Aramco Energy Ventures and TC Energy .
We ’ ve also been the recipient of British government funding on three occasions , including at the SEED stage , prior to private investment . It was pivotal to our growth .
Tell us about the innovations and technology driving Carbon Capture ? We know carbon capture is essential to delivering industrial decarbonisation and net zero , but the current installed capacity is way off what ’ s needed . As an innovation leader in the sector , with more patents than any other CCUS technology provider , Carbon Clean is determined to address this delivery gap .
Our new generation of standardised , fully modular , skid-mounted carbon capture units are vital to accelerating global CCUS deployment . Prefabricated , delivered on a truck and installed in around eight weeks , these units are revolutionising a 50-yearold technology by overcoming two of the biggest barriers to deployment – space and cost . energydigital . com 113