Talk about breathing new life into the fight against climate change! Aircapture, a California startup, just scored $50 million to scale up its nifty Direct Air Capture (DAC) tech. These modular machines pull CO2 right out of the air and feed it into industrial processes, helping big brands go greener without the hassle of trucking carbon around. With deals already inked with giants like Ab InBev, Aircapture’s making carbon removal a reality. But in a world still pumping out billions of tonnes of CO2, can this tech scale fast enough to make a dent?

What’s the Deal?

Aircapture’s DAC units are like high-tech air purifiers for the planet. Plopped right at industrial sites, they suck CO2 from the atmosphere and deliver it pure and ready for use in things like beer fizz or plant growth. No need to ship CO2 across the globe, which cuts costs, emissions, and impurities. The tech’s modular, so it slots into factories’ unique setups like a Lego piece. Fresh off a $1 million XPRIZE win for a UAE project, Aircapture’s now got $50 million from the Larsen Lam Climate Change Foundation to crank out more of these containerized units, expand to North America, Europe, and Asia, and beef up their team.

“We’re making CO2 a circular commodity,” says CEO Matt Atwood.

Read more: SkyNRG Secures €300M to Expand Sustainable Aviation Fuel Production

Who’s Feeling the Impact?

This is a big deal for industries like food, beverage, and agriculture, which need CO2 but hate the shaky, carbon-heavy supply chains tied to oil and gas. Aircapture’s already working with Ab InBev, supplying CO2 for beers like Stella Artois. Manufacturers get a steady, clean CO2 source, helping them hit carbon-neutral goals. Communities near these sites could see new jobs as Aircapture ramps up. And the planet? It gets a break from the 35.8 billion tonnes of CO2 humans spewed last year.

“This aligns carbon removal with real-world needs,” says funder Chris Larsen.

Explore OneStop ESG Marketplace: Carbon offset services

Why It’s Awesome?

Aircapture’s tech is a game-changer! It’s not just about burying CO2 underground—it’s turning a climate villain into a useful resource. Their modular units mean factories don’t need massive overhauls, and skipping CO2 transport slashes emissions.

Why It Matters?

With global warming creeping past 1.5°C, we need all hands on deck. DAC’s a key player since it tackles CO2 already in the air, not just new emissions. Most folks want companies to step up, and Aircapture’s model makes going green a no-brainer for businesses. It’s feeding a $70 billion industrial CO2 market while cutting the carbon footprint. Plus, it’s a beacon for other startups in the DAC space, like Climeworks or CarbonCapture, showing how to blend profit with planet-saving. If this takes off, it could redefine how industries handle carbon.

What’s Next?

Aircapture’s gearing up to flood the market with next-gen DAC units, targeting factories across three continents. They’re chasing more deals like their 10-year Ab InBev contract, eyeing the $200 billion carbon removal market. Costs could dip to $150-$200 per tonne in a few years, especially with U.S. tax credits like 45Q offering $180 per tonne stored. More XPRIZE-style wins could boost their cred, and partnerships for underground storage, like their UAE project with 44.01, are in the works.

Atwood says, “We’re making large-scale carbon removal real.”

Explore ESG Solutions on our marketplace - OneStop ESG Marketplace.

Keep abreast of the top ESG Events on OneStop ESG Events.

OneStop ESG Educate: Your go-to source for top ESG courses and training programs tailored to your needs.