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The CDR Funding Panorama. As Occidental buys Carbon Engineering… | by Anton Root | AlliedOffsets

The Carbon Engineering acquisition by Occidental is one more signal that the carbon dioxide removing (CDR) business is maturing.

And whereas the business is comparatively new, lots of of tens of millions of {dollars} have been poured into CDR corporations, suggesting extra exits are on the horizon.

As a part of our revamped CDR choices, we’ve collected information on over 550 corporations around the globe that wish to seize, retailer, or make the most of carbon in a roundabout way — you possibly can try the public dashboard right here.

Behind the scenes, we’ve additionally been trying into information on CDR buyers. Up to now, we’ve collected info on:

  • 177 buyers
  • 112 funded corporations
  • 367 investments
  • $4b in funding exercise tracked

Beneath are some abstract statistics that may assist to place the Carbon Engineering acquisition in wider context.

We see bigger rounds than common in CDR. The hole widens as corporations show out their fashions and get additional into the funding rounds: that is seemingly because of CDR being an inherently {hardware} sector, which means economies of scale are more durable to optimize than in software program.

We’ve additionally collected information on over 2,000 patents which can be held by corporations participating in CDR. Whereas the outcomes are nonetheless preliminary (and vulnerable to be influenced by outliers, given the comparatively small pattern dimension) we see a reasonably sturdy optimistic correlation of 0.57 between variety of patents held and the sum of money raised.

This is sensible — as companies are higher in a position to exhibit to buyers their aggressive benefit, they develop into extra enticing to potential funders. Carbon Engineering, by our depend, holds 13 patents.

We’ll present extra evaluation on CDR funding within the coming weeks, keep tuned!

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