CarbonQuest, a Spokane, WA-based distributed carbon seize expertise supplier, raised an undisclosed quantity in Sequence A funding.
Riverbend Vitality Group made the funding. As a part of the transaction, Joe Passanante and Eric Danziger will be a part of CarbonQuest’s Board of Administrators.
The corporate intends to make use of the funds to develop operations, its enterprise attain and improvement efforts.
Led by Shane Johnson, President and CEO, and Dave Curry, Chairman, CarbonQuest offers a modular answer that captures CO2 from buildings and onsite energy era methods earlier than it’s emitted to the ambiance. The captured CO2 is then liquified and transported to native companies that want carbon for his or her manufacturing processes. By introducing its expertise and Sustainable CO2™ into the market, it permits its clients to assist a round economic system whereas assembly ESG and net-zero objectives with an economical, turnkey answer.
The corporate goals to attain its aim to ship the bottom $/ton within the trade and deal with new market segments together with biogenic sources of CO2, utility infrastructure, and different “hard-to-abate” amenities. It would additionally advance improvement of its Carbon Administration Software program™, which offers real-time information and analytics to trace the seize of the CO2 and its supply to clients.
FinSMEs
08/08/2024
