{"id":144840,"date":"2024-05-29T07:29:00","date_gmt":"2024-05-29T05:29:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=144840"},"modified":"2024-05-27T13:24:41","modified_gmt":"2024-05-27T11:24:41","slug":"280-earth-a-company-that-removes-co2-from-the-air-announces-first-direct-air-capture-plant-in-oregon-closes-50m-series-b-funding-round","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/280-earth-a-company-that-removes-co2-from-the-air-announces-first-direct-air-capture-plant-in-oregon-closes-50m-series-b-funding-round\/","title":{"rendered":"280 Earth, a company that removes CO2 from the air, announces first Direct Air Capture plant in Oregon; closes 50M series B funding round"},"content":{"rendered":"\n\n
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280 Earth Direct Air Capture factory in The Dalles, Oregon \u00a9 280 Earth<\/figcaption><\/figure><\/div>\n\n\n

280 Earth, Inc. today announced that it has completed construction and started operating a direct air capture (\u201cDAC\u201d) facility to remove carbon dioxide (CO2<\/sub>) directly from the atmosphere, mitigating climate change. The captured CO2<\/sub> can be permanently sequestered underground or used as a feedstock for industrial uses such as synthetic fuels, carbon negative concrete, or food production.<\/strong><\/p>\n\n\n\n

The first DAC plant in Oregon begins removing CO2<\/sub> from the air<\/strong><\/h3>\n\n\n\n

280 Earth\u2019s facility provides a commercial demonstration of several years of research and development by X, The Moonshot Factory, Alphabet\u2019s innovation lab to grow and commercialize the unique, low-cost DAC technology. The overall process and purpose of DAC is to achieve carbon dioxide removal and be a \u201cnegative emissions technology.\u201d To reach net zero by 2050, the International Energy Agency believes we\u2019ll need to scale DAC to capture more than 980 megatons of carbon dioxide a year by 2050.<\/p>\n\n\n\n

The first phase of the commercial demonstration facility is designed to capture up to 500 tonnes per year of CO2<\/sub>, as well as water, from ambient air. The captured CO2<\/sub> will be liquified and sequestered off-site or used in various industrial processes, while the related water can be used for cooling or other end uses. The facility is extensively instrumented to validate scale up plans for 280 Earth\u2019s technology as it progresses to a 5,000 tonne per year module.<\/p>\n\n\n\n

Located in The Dalles, Oregon, 280 Earth\u2019s direct air capture installation maximizes environmental benefits by using electricity with very low carbon content, principally from hydropower on the local grid. Additionally, 280 Earth\u2019s low-temperature desorption process can minimize energy consumption by utilizing waste heat from nearby third-party industrial processes. Equipment in the facility is largely manufactured by American-based vendors and is being assembled with significant union labor content.<\/p>\n\n\n\n

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\u201cOur first DAC project deploys a very energy efficient process to capture CO2<\/sub> directly from the air. As a result, our net carbon benefit will be among the best in this rapidly developing industry,\u201d said Jacques Gagne, co-founder and Chief Technology Officer of 280 Earth<\/strong> who invented the technology along with his team.<\/p>\n<\/blockquote>\n\n\n\n

50 Million Series B Round led by Builders VC will fund DAC project development to meet urgent CO2<\/sub> reduction timelines<\/strong><\/h3>\n\n\n\n

Funding 280 Earth\u2019s scale-up of direct air capture technology is led by a highly skilled investor team including Builders VC, Gideon Yu, and Alphabet, Inc. The company announced today that it has officially filled and closed a $50 Million Series B Round of investment.<\/p>\n\n\n\n

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\u201c280 Earth\u2019s technology will be a key contributor to the portfolio of solutions necessary to reduce CO2<\/sub> in our atmosphere and it\u2019s a strategic advantage to have the financial support and insight of Builders VC and other thoughtful investors to bring this earth changing technology to its commercial stage,\u201d said John Pimentel, chief executive officer of 280 Earth. \u201cWe also could not succeed without our local partners including the Port of The Dalles, Wasco County, The City of The Dalles, and the State of Oregon to collaborate in bringing this important project to life.\u201d<\/p>\n<\/blockquote>\n\n\n\n

About 280 Earth<\/strong><\/h3>\n\n\n\n

280 Earth was formed in 2022 to scale up and commercialize innovative direct air capture technology developed at X, The Moonshot Factory (Google X). 280 Earth\u2019s proprietary process is unique in its cost-effective continuous flow process to capture CO2<\/sub> directly from the atmosphere, low energy use, ability to utilize waste heat from a wide variety of industrial processes, and positive generation of clean water captured from the air. The company is located in Mountain View, California and The Dalles, Oregon with projects under development nationwide. <\/p>\n","protected":false},"excerpt":{"rendered":"

280 Earth, Inc. today announced that it has completed construction and started operating a direct air capture (\u201cDAC\u201d) facility to remove carbon dioxide (CO2) directly from the atmosphere, mitigating climate change. The captured CO2 can be permanently sequestered underground or used as a feedstock for industrial uses such as synthetic fuels, carbon negative concrete, or […]<\/p>\n","protected":false},"author":59,"featured_media":144913,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"280 Earth\u2019s facility provides a commercial demonstration of several years of research and development and it maximizes environmental benefits by using electricity with very low carbon content","footnotes":""},"categories":[5571],"tags":[10744,22970,10416,13553,12366,10743],"supplier":[24193,8202],"class_list":["post-144840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-co2-based","tag-carboncapture","tag-carbonsequestering","tag-circulareconomy","tag-concrete","tag-fuels","tag-useco2","supplier-280-earth","supplier-iea-bioenergy"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/144840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=144840"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/144840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/144913"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=144840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=144840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=144840"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=144840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}