Greenlyte Carbon Technologies

About Greenlyte Carbon Technologies

Greenlyte Carbon Technologies develops a low-temperature direct air capture (DAC) process that efficiently extracts CO2 from the atmosphere while simultaneously generating hydrogen. This technology addresses the urgent need for carbon removal to mitigate climate change and supports the transition to a circular carbon economy.

<problem> Mitigating climate change requires significant carbon removal, but current direct air capture (DAC) technologies are often energy-intensive and costly, hindering widespread adoption. Existing DAC methods may also lack the ability to simultaneously produce valuable byproducts, limiting their economic viability. </problem> <solution> Greenlyte Carbon Technologies is developing a low-temperature direct air capture (DAC) process that extracts CO2 from the atmosphere while simultaneously generating hydrogen. This electrochemical approach uses less energy than traditional high-temperature DAC methods, potentially lowering the overall cost of carbon removal. By producing hydrogen as a co-product, Greenlyte aims to create a more economically sustainable carbon capture solution. The captured CO2 can be used in various applications, contributing to a circular carbon economy. </solution> <features> - Low-temperature electrochemical direct air capture process - Simultaneous CO2 and H2 generation - Modular design for scalability and deployment flexibility - Potential for integration with renewable energy sources </features> <target_audience> The primary customers are companies and organizations seeking carbon removal solutions, including those in the energy, industrial, and transportation sectors, as well as carbon credit purchasers. </target_audience> <revenue_model> The revenue model includes the sale of carbon removal credits and the sale of generated hydrogen. Greenlyte raised €10.5m in pre-Series A funding. </revenue_model>

What does Greenlyte Carbon Technologies do?

Greenlyte Carbon Technologies develops a low-temperature direct air capture (DAC) process that efficiently extracts CO2 from the atmosphere while simultaneously generating hydrogen. This technology addresses the urgent need for carbon removal to mitigate climate change and supports the transition to a circular carbon economy.

Where is Greenlyte Carbon Technologies located?

Greenlyte Carbon Technologies is based in Essen, Germany.

When was Greenlyte Carbon Technologies founded?

Greenlyte Carbon Technologies was founded in 2022.

How much funding has Greenlyte Carbon Technologies raised?

Greenlyte Carbon Technologies has raised 19990000.

Location
Essen, Germany
Founded
2022
Funding
19990000
Employees
52 employees
Major Investors
Earlybird Venture Capital, Green Generation Fund

Find Investable Startups and Competitors

Search thousands of startups using natural language

Greenlyte Carbon Technologies

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

Greenlyte Carbon Technologies develops a low-temperature direct air capture (DAC) process that efficiently extracts CO2 from the atmosphere while simultaneously generating hydrogen. This technology addresses the urgent need for carbon removal to mitigate climate change and supports the transition to a circular carbon economy.

greenlyte.tech5K+
cb
Crunchbase
Founded 2022Essen, Germany

Funding

$

Estimated Funding

$10M+

Major Investors

Earlybird Venture Capital, Green Generation Fund

Team (50+)

No team information available.

Company Description

Problem

Mitigating climate change requires significant carbon removal, but current direct air capture (DAC) technologies are often energy-intensive and costly, hindering widespread adoption. Existing DAC methods may also lack the ability to simultaneously produce valuable byproducts, limiting their economic viability.

Solution

Greenlyte Carbon Technologies is developing a low-temperature direct air capture (DAC) process that extracts CO2 from the atmosphere while simultaneously generating hydrogen. This electrochemical approach uses less energy than traditional high-temperature DAC methods, potentially lowering the overall cost of carbon removal. By producing hydrogen as a co-product, Greenlyte aims to create a more economically sustainable carbon capture solution. The captured CO2 can be used in various applications, contributing to a circular carbon economy.

Features

Low-temperature electrochemical direct air capture process

Simultaneous CO2 and H2 generation

Modular design for scalability and deployment flexibility

Potential for integration with renewable energy sources

Target Audience

The primary customers are companies and organizations seeking carbon removal solutions, including those in the energy, industrial, and transportation sectors, as well as carbon credit purchasers.

Revenue Model

The revenue model includes the sale of carbon removal credits and the sale of generated hydrogen. Greenlyte raised €10.5m in pre-Series A funding.

Want to add first party data to your startup here or get your entry removed? You can edit it yourself by logging in with your company domain.