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Illustration: Rebecca Zisser/Axios

A carbon capture and storage (CCS) startup billing itself as the industry's first "vertically integrated super developer" has raised $30 million in Series A funding.

Driving the news: Carbon America this morning announced the funding from investors including Canada Pension Plan Investment Board, ArcTern Ventures, Energy Impact Partners and others.

Why it matters: CO2 capture theoretically could become an important tool against global warming, but commercial deployment has proceeded far more slowly than advocates have hoped.

How it works: The Colorado-based company, founded in 2019, bills itself as a "one-stop solution," providing engineering and tech, development, financing, permitting, navigation of incentives, sequestration site management and more.

What we don't know: Specifics. The company declined to name projects or clients it is working with but told Axios its "target customers" are in the ethanol, steel, cement and power industries.

  • The first projects will be in the ethanol sector, with the first expected to be in operation in 2023, the company said.

What they're saying: Energy Impact Partners founder Hans Kobler, in a statement, said that while CCS has been around a long time, "what’s been missing is the ability to finance, build and operate carbon capture projects, at scale, in an efficient, cost effective way."

Go deeper: World's largest direct-air carbon capture plant launches in Iceland

Go deeper

Ben Geman, author of Generate
Jan 13, 2022 - Energy & Environment

Congress to take a look at crypto's carbon footprint

Illustration: Shoshana Gordon/Axios

A powerful House committee next week will convene a hearing on the energy use of digital cryptocurrency mining.

Why it matters: The Jan. 20 Energy and Commerce Committee hearing highlights growing concern about carbon emissions linked to bitcoin and other currencies, even as the sector vows to get greener.

Ben Geman, author of Generate
Jan 13, 2022 - Energy & Environment

Battery startup QuantumScape's new move

Photo Illustration: Pavlo Gonchar via Getty Images

The energy storage heavyweight Fluence and the solid-state battery startup QuantumScape Thursday morning announced a multiyear agreement to test and deploy QuantumScape lithium-metal tech in stationary applications.

Why it matters: Storage growth is important to enabling high levels of renewables penetration and also helps aid grid reliability. Solid-state battery tech holds the promise of higher energy density and other benefits.

Defense taking steps to mitigate civilian harm after botched airstrikes

Secretary of Defense Lloyd Austin speaks during a news conference at the Pentagon in Arlington, Virginia on Sept. 1, 2021. Photo: Andrew Harrer/Bloomberg via Getty Images

Defense Secretary Lloyd Austin issued a directive Thursday to improve the U.S. military's approach to civilian harm mitigation and response, calling it a "strategic and a moral imperative."

Why it matters: The Pentagon has faced criticism for years for amassing civilian casualties in its missions, especially in the Middle East. New York Times investigations have found systemic failures in efforts to prevent civilian deaths, as well as a cover-up of a 2019 airstrike that killed dozens of women and children in Syria.