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Greenlyte Carbon Technologies Raises €105M for DAC

UK-based Greenlyte Carbon Technologies has raised €105 million for their low energy direct air capture (DAC) system. Investors for the Pre Series A round included Earlybird Venture Capital, Green Generation Fund, and Carbon Removal Partners.

Unlike other DAC technologies, Greenlyte’s requires minimal energy input thanks to its liquid-sorbent solution.

Their tech integrates with renewables, producing hydrogen as a byproduct. Both the hydrogen and captured CO2 can be used for downstream chemical manufacturing, fuels, or green materials.

Experts suggest that we need to remove 10 gigatons of carbon from the air every year to reach climate targets. This is in addition to decarbonization efforts. DAC could be a critical piece in mitigating climate change by reducing the overall carbon footprint.

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