Stripe

“And what we're looking for is solutions that have more than a thousand years of permanence that have a pathway to sub a hundred dollar a ton removal, even if they're expensive Today, and we've paid more than 2000 dollars per ton from heirloom this last cycle. …”

“Stripe, which has been leading the charge alongside, I would say, Microsoft and Shopify, publishes all the applications it receives, along with the details of what it's selected, The prices and the contracts.”

“We then, Stripe, aggregate those funds and use it to buy carbon removal from really promising solutions that are expensive today, but that have the potential to be really low cost and high volume in the future. So essentially we're trying to help we're like bu…”

“For most companies, we are giving them the same dollar value or just buying different number of tons from them. We sort of back solve the number of tons based on the total contract value.”

“So we Stripe don't care what the price is today. We are very focused on trying to understand what the glide path for each of these technologies looks like on the way to sub a hundred dollars and more than half a gigaton.”

“And our partnership with Activate and with Deep Science Ventures is essentially saying, you know, we will, for any company that meets our Target criteria. We will give you a 500,000 dollar procurement contract to be your first buyer and help bridge that commer…”

“Our approach is let's look across The climate sort of ecosystem. Find what we think the biggest gap is and where we think we are in a somewhat good position to move the needle on it. And carbon removal where we're pulling CO two out of ambient air or out of…”

“I would say generally this field is not currently on track for carbon removal to make a material dense in the climate crisis. Like, even with the recent progress, even with all these companies that we're finding and funding and all the press and, you know, Str…”

“So far, the companies that have applied to our RFP are all startups, and we were the first customer for seven of 10. We're not opposed to buying from later stage companies, but we haven't seen them.”

“Stripe is an example where they basically said, you know, we want to support permanent stuff because we know it's real and we know we need a lot more of it. So we're only going to buy stuff that represents a thousand plus years of durability.”

“Though there is a growing buyer pool, it's really still predominantly dominated by a small number of companies that are procuring in part, not just for their own benefit, but trying to foster an ecosystem and support the development of the industry, right? So …”

“There was this foundational study that came out about two years ago that was co-authored by Stripe and Paces and Scale Microgrids, and they found over a terawatt of opportunity in the American Southwest alone, with high levels of renewable development being ab…”