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Brimstone Energy Announces Financing To Accelerate Development Of The First-Ever Zero-Carbon Portland Cement

Brimstone Energy Announces Financing To Accelerate Development Of The First-Ever Zero-Carbon Portland Cement

11/16/21, 3:00 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgoakland
Brimstone Energy has secured financing co-led by DCVC and Breakthrough Energy Ventures (BEV) to develop zero-carbon Portland cement. In addition to the $5.1 million financing, the company has also received $2 million in grants from ARPA-E, the National Science Foundation, and others.

Company Info

Company
Brimstone Energy
Location
oakland, california, united states
Additional Info
Brimstone Energy uses proprietary technology to produce carbon-neutral Portland cement and supplementary cementitious materials. While at Caltech, Co-founders Cody Finke and Hugo Leandri conceived of the vision to decarbonize cement production by inventing better technology to work within the existing cement industry. Brimstone is backed by top investors—including DCVC, Breakthrough Energy Ventures, and the Collaborative Fund. To learn more, follow Brimstone on Twitter and LinkedIn at @BrimstoneEnergy, visit the website: www.brimstone.energy, or reach out directly: info@brimstone.energy. About DCVC DCVC backs entrepreneurs solving trillion-dollar problems to multiply the benefits of capitalism for everyone while reducing its costs. For over twenty years, DCVC and its principals have backed brilliant entrepreneurs applying Deep Tech, from the earliest stage and beyond, to pragmatically and cost-effectively tackle previously unsolvable problems in nearly every industry, especially those that haven’t seen material technological progress in decades. Together, we have created tens of billions of dollars of value while also making the world a markedly better place. Visit dcvc.com to learn more. About Breakthrough Energy Ventures Backed by many of the world’s top business leaders, Breakthrough Energy Ventures (BEV) invests in cutting-edge companies that will lead the world to net-zero emissions. BEV has more than $2 billion in committed capital to support bold entrepreneurs building companies that can significantly reduce emissions from agriculture, buildings, electricity, manufacturing, and transportation. BEV’s strategy links government-funded research and patient, risk-tolerant capital to bring transformative clean energy innovations to market as quickly as possible. The first fund was created in 2016 as part of the Breakthrough Energy network of initiatives and entities, which include investment funds, non-profit and philanthropic programs, and policy efforts linked by a shared commitment to scale the technologies needed to address climate change and achieve a path to net zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.