1PointFive is developing large-scale Direct Air Capture (DAC) technology to remove carbon dioxide from the atmosphere and securely store it underground through geologic sequestration. This approach addresses the urgent need for carbon removal in hard-to-abate sectors, enabling businesses to achieve their climate targets with verified carbon removal credits.
Funding
$500M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many industries struggle to reduce their carbon footprint, particularly in sectors where emissions are difficult to abate through conventional methods. To limit global warming to 1.5°C, significant carbon dioxide removal from the atmosphere is required, in addition to emissions reductions.
Solution
1PointFive develops and deploys large-scale Direct Air Capture (DAC) technology to remove carbon dioxide directly from the atmosphere. The captured CO2 is then securely and permanently stored underground through geologic sequestration. This process provides high-quality carbon removal credits (CDRs) that enable businesses, especially those in hard-to-abate sectors like aviation, maritime, and industry, to meet their climate targets. 1PointFive is also developing sequestration hubs to offer CO2 storage solutions to industrial facilities employing point-source carbon capture.
Target Audience
The primary customers are businesses in hard-to-abate sectors, such as aviation, maritime, and industry, seeking to achieve their climate targets through verified carbon removal credits, as well as industrial facilities looking for CO2 sequestration services.
Features
- Large-scale Direct Air Capture (DAC) facilities using proven technology to remove atmospheric CO2.
- Secure geologic sequestration for permanent underground storage of captured CO2.
- Production of high-quality, verified carbon removal credits (CDRs).
- Development of carbon sequestration hubs in key industrial corridors.
- Scalable DAC facilities with potential for capacity doubling in next-generation designs.
- Secured geologic storage capacity for billions of tonnes of CO2.