The Ledger
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Climeworks raised a $650M Series F, a record for Switzerland
“On the backbone of operating Orca, and having that in the field, we then launched a new fundraise, our Series F already at the time, and that was sort of the first time when large institutional investors came into the cap table, and we managed to raise about s…”
Permanent CDR purchases grew from 100k tons in 2021 to 5.7M today
“At the time when we raised, when we last raised money, so sort of by the end of 20, 21, globally sold volumes were only about a 100,000 tons. And now we talk about, I think, 4.6 million tons last year and 5.7 million tons year to date already this year.”
Climeworks' Orca DAC plant has a nominal capacity of 4,000 tons
“Orca has nominal capacity about 4000 tons. What do we mean with that? That means it's that's what the plant was designed to capture at maximum efficiency. So maximum run rate, et cetera. And there's some losses that go away from that.”