Squamish-based Carbon Engineering (CE) has been named on the prestigious Global Cleantech 100 list by Cleantech Group for the second year in a row.
CE was also awarded the 2021 North American Company of the Year Award – an honour bestowed upon the highest-ranked company on the list from the region.
CE‘s groundbreaking Direct Air Capture (DAC) technology can be used to create large-scale carbon removal from the atmosphere.
“Despite the tremendous challenges the global community faced in 2020, we are buoyed by the momentum we are seeing in the effort to act on climate change. For CE, 2020 was a particularly significant year. We signed a world-first licensing deal with Occidental and 1PointFive to build megaton-scale Direct Air Capture facilities in the US, and greatly progressed the engineering of the first of these facilities. We also secured our first corporate customers in 2020; Shopify and Virgin Red,” said CE CEO, Steve Oldham.
“Receiving this award is a significant acknowledgement of this progress. It also highlights the growing recognition of the need for carbon removal tools like ours in the global race to reach net zero emissions.”
The timing of Carbon Engineering’s win is serendipitous with billionaire Elon Musk announcing this week a promise to award USD $100 million for the development of the ‘best’ technology to capture carbon dioxide emissions.
Am donating $100M towards a prize for best carbon capture technology
— Elon Musk (@elonmusk) January 21, 2021
CE is no stranger to billionaires looking to change the world—in 2019 they raised a USD $68 million financing round that included Microsoft co-founder Bill Gates as an investor.