Currently, Cleantech Direct Air Capture (DAC) Company mission zero technologies Announced that it has raised £21.8 million in Series A funding.
Since its founding in 2020, Mission Zero has rapidly pioneered new, versatile direct air capture technologies for any industrial application, location, or scale.
Inspired by the biological processes that manage CO₂ in the body, Mission Zero uses electricity and solutions to capture atmospheric CO₂ in organic form.
Ultra-efficient electrochemical separation continuously regenerates the capture solution and concentrates CO2 as a pure gas.
This technology is built for rapid scale and deployment, making it cost-effective even at small scale. This is achieved by leveraging proven components, an established supply chain, and a globally available modular design.
Mission Zero's technology is energy efficient, compatible with variable load renewable energy sources, and can be flexibly ramped up and down to deliver on-demand atmospheric CO₂ directly at the point of use.
The company is already working to enhance diverse carbon removal and utilization pathways. It aims to democratize access to radical new sources of sustainable and circular carbon and end dependence on fossil fuels.
Mission Zero is one of the few pioneers in the direct air capture space to move beyond a self-funded R&D pilot plant to commercially funded deployments with international customers.
By the end of 2024, Mission Zero will have three systems on the ground with projects pioneering CO₂ mineralization, carbon-negative building materials, and sustainable aviation fuels.
2150 led the fundraising, with the following participants: global fund, Fortescue, Siemens Financial Services and Groundbreaking energy venture.
said Dr. Nicholas Chadwick, CEO of Mission Zero Technologies.
“We are pleased to welcome venture capital and strategic investors with some of the most environmental credentials on the planet.
Their world-leading manufacturing acumen and deep alignment with our vision will enable us to rapidly scale DAC responsibly to maximize positive climate impact. It will be a catalyst. ”
Christian Jolck, co-founder and partner at 2150, said:
“Mission Zero’s new technology enables mass-deployable, low-cost, energy-efficient DAC that enables effective carbon removal while also being used by cities to make fuels, chemicals, building materials, and more. We provide a recyclable CO₂ source.
Mission Zero went from concept to commercial deployment in just three years, building a team with the technical talent and drive to bring the most competitive DAC to market quickly.
At a time when the world needs solutions, we are pleased to support Mission Zero's ambition to deliver climate impact at scale. Do this to help meet the goals of the Paris Agreement. ”
The funding will accelerate Mission Zero's development of a mass-deployable DAC product that can be flexibly scaled to capture 1,000 tons of atmospheric CO₂ per year and unlock megatons of annual production capacity by the end of the decade. Helpful.
Lead image: Mission Zero Technologies. Photo: No credit.
