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