Remedium has developed a carbon capture heat battery that captures carbon dioxide from high-emission industries while monetizing electricity cost variations, enabling businesses to potentially profit $10-$50 per tonne of CO2 captured. This technology not only reduces carbon capture costs but also provides energy storage capabilities, facilitating greater integration of renewable energy into the grid.
Funding
Funding not disclosed
Founders
Product
Problem
The high cost of carbon capture technologies presents a significant barrier to widespread adoption by high-emission industries. Traditional carbon capture methods often lack economic incentives for businesses, hindering their deployment without government intervention.
Solution
Remedium has developed a carbon capture heat battery that aims to reduce the cost of carbon capture by monetizing electricity cost variations. The technology captures carbon dioxide from industrial flue gases and air, and leverages energy storage capabilities to integrate renewable energy into the grid. By capitalizing on fluctuations in electricity prices, businesses can potentially generate revenue from captured carbon dioxide. This approach seeks to make carbon capture more economically viable and encourage broader implementation.
Target Audience
The primary target audience includes high-emission industries seeking cost-effective carbon capture solutions and businesses looking to integrate renewable energy sources.
Features
- Carbon capture battery technology that captures CO2 from high-emission industries and air
- Monetizes electricity cost variations to drive down carbon capture costs
- Provides energy storage capabilities to enable wider renewable energy implementation
- Potential for businesses to profit from capturing CO2