Parallel Carbon develops integrated technologies for atmospheric carbon removal and clean energy production. The company combines Direct Air Capture (DAC) with water electrolysis, powered by solar and wind energy, to achieve these dual objectives affordably. This approach aims to deliver carbon capture below $100 per ton and clean hydrogen production near $1 per kilogram.
Funding
$3.8M 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 concentration of atmospheric carbon dioxide is a primary driver of climate change, necessitating scalable and cost-effective carbon removal technologies. Existing direct air capture (DAC) methods often face high energy demands and costs, hindering widespread deployment. Simultaneously, the production of clean hydrogen, a crucial component of a sustainable energy future, requires efficient and affordable electrolysis techniques.
Solution
Parallel Carbon is developing a hardware platform that integrates direct air capture (DAC) with water electrolysis to simultaneously remove carbon dioxide from the atmosphere and produce clean hydrogen. By co-locating these processes and utilizing renewable energy sources like solar and wind power, the platform aims to significantly reduce both the cost and energy consumption associated with each process. The integrated approach leverages ancient geochemistry coupled with modern electrochemistry to achieve carbon capture at under $100 per ton and hydrogen production at $1 per kilogram by 2030. This dual-action system offers a more efficient and economically viable pathway to carbon neutrality and a sustainable hydrogen economy.
Target Audience
The primary target audience includes organizations seeking carbon removal solutions, companies involved in hydrogen production, and entities committed to sustainable energy practices.
Features
- Integrated direct air capture (DAC) and water electrolysis system
- Utilizes renewable energy sources (solar and wind) to power both processes
- Aims to achieve carbon capture costs of under $100 per ton
- Aims to achieve hydrogen production costs of $1 per kilogram
- Employs a combination of geochemical and electrochemical techniques