The Carbon Engineering acquisition by Occidental is yet one more signal that the carbon dioxide removing (CDR) trade is maturing.
And whereas the trade is comparatively new, lots of of hundreds of thousands of {dollars} have been poured into CDR firms, suggesting extra exits are on the horizon.
As a part of our revamped CDR choices, we’ve collected knowledge on over 550 firms world wide that wish to seize, retailer, or make the most of carbon not directly — you possibly can try the public dashboard right here.
Behind the scenes, we’ve additionally been trying into knowledge on CDR buyers. Thus far, we’ve collected info on:
- 177 buyers
- 112 funded firms
- 367 investments
- $4b in funding exercise tracked
Under are some abstract statistics that may assist to place the Carbon Engineering acquisition in wider context.
We see bigger rounds than common in CDR. The hole widens as firms show out their fashions and get additional into the funding rounds: that is doubtless as a result of CDR being an inherently {hardware} sector, that means economies of scale are tougher to optimize than in software program.
We’ve additionally collected knowledge on over 2,000 patents which can be held by firms participating in CDR. Whereas the outcomes are nonetheless preliminary (and vulnerable to be influenced by outliers, given the comparatively small pattern measurement) we see a reasonably sturdy optimistic correlation of 0.57 between variety of patents held and the sum of money raised.
This is smart — as companies are higher in a position to display to buyers their aggressive benefit, they change into extra engaging to potential funders. Carbon Engineering, by our depend, holds 13 patents.
We’ll present extra evaluation on CDR funding within the coming weeks, keep tuned!
