The startup specializes in underground energy storage by repurposing depleted gas fields and developing salt caverns, providing a reliable solution for energy security. This approach facilitates the integration of renewable energy sources, addressing the need for effective energy transition strategies.
Funding
$11.2M 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
The transition to renewable energy sources requires effective energy storage solutions to address the intermittency of renewables and ensure a reliable energy supply. Existing energy infrastructure may not be suitable for large-scale storage of gases like hydrogen, hindering the decarbonization of energy systems.
Solution
dCarbonX develops subsurface assets for energy storage and carbon sequestration, enabling the integration of renewable energy sources and supporting decarbonization efforts. The company repurposes depleted gas fields and develops salt caverns for the storage of natural gas and hydrogen. dCarbonX's projects aim to provide energy system resilience and security of supply by storing energy and capturing CO2 emissions from local emitters. The company utilizes a proprietary Carbon ARC (Avoid – Reduce – Capture) methodology, focusing on enabling low-carbon gases, strategic energy storage, and permanent subsurface disposal of CO2.
Target Audience
dCarbonX targets energy companies, governments, and industrial emitters in the UK and Ireland seeking solutions for energy storage and carbon capture to meet decarbonization goals and ensure energy security.
Features
- Repurposing of depleted offshore gas fields for natural gas storage.
- Development of offshore salt caverns for hydrogen storage.
- Proprietary Carbon ARC (Avoid
- Reduce
- Capture) methodology for decarbonization.
- Focus on subsurface energy storage and carbon sequestration.
- Projects located offshore Ireland and the UK.
- Strategic alliance with Snam for operational and technical capabilities.