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Origen Power Limited raised $13 million in a Series A funding round led by Barclays Climate Ventures to scale its limestone-based direct air capture technology.

Jan 16, 20257 months ago

Amount Raised

$13 Million

Round Type

series a

LondonEnvironmental ServicesRenewable EnergyManufacturing

Investors

HatchElemental ImpactExascale FundShell VenturesBarclays Climate Ventures

Description

Origen Power Limited announced today that it has secured $13 million in Series A funding, which will be used to scale its limestone-based direct air capture technology to remove carbon from the atmosphere. The company aims to grow its commercial projects worldwide and invest in further research at its technology and research center in Bristol.

Company Information

Company

Origen

Location

London, England, United Kingdom

About

Origen was founded by preeminent thinkers in carbon removal and industrial technology, who believed in the power of limestone to permanently sequester CO2 and reverse the impacts of climate change. They developed the first iteration of Origen's technology and proved that our concept for limestone-based direct air capture (DAC) could be used to remove billions of tonnes of CO2 from the atmosphere.

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