Carbon Energy Completes Tens of Million Yuan Funding Round Funding

Wednesday, Carbon Energy (Beijing) Co., Ltd., a technology company specializing in carbon neutralization, announced the completion of financing worth tens of millions of yuan. The main investor was Sequoia China Seed Fund, the co-investor was Miracle Plus and the exclusive financial consultant was Winsoul Capital.

Carbon Energy was established in 2015 and is mainly engaged in negative carbon technology. It independently develops carbon dioxide electroreduction catalyst and electrolytic cell diaphragm technology, which can convert carbon dioxide emitted by industrial activities into carbon-free fuels and green chemicals such as synthetic gas, synthetic oil and degradable plastics.

Dr Kang Peng, founder of Carbon Energy, graduated from Stanford University and studied under Professor Thomas J. Meyer and Professor Maurice Brookhart, pioneers of artificial photosynthesis and academics of the United States National Academy of Sciences. United. Kang intends to build a Bell Lab. in the field of energy.

There is a global consensus that excessive carbon dioxide emissions cause global climate change and, at the moment, carbon capture is the most direct and efficient way to reduce carbon emissions. Carbon capture and sequestration (CCS) has four components: capture, transport, use and storage. Right now, CCS must tackle two major limitations of the technology. One is the high cost and the other is the good use of the collected carbon.

Carbon Energy converts carbon dioxide emitted from industrial production into higher value-added chemicals such as syngas and plastics using electrochemical technology. This method allows for a more economical and positive carbon cycle. It is also the technical path in which BMW, Audi and other companies have invested heavily.

In addition, in terms of equipment, Carbon Energy has manufactured large scale mask electrodes and developed lightweight and modular electrochemical reactors. In addition, the company has entered into agreements with Sinopec Engineering Incorporation in which the two parties agree to jointly develop a 10,000 ton carbon dioxide electrolysis project. This carbon conversion equipment will be applied in industries with high carbon emissions such as thermal power, steel, cement, chemical industries and non-ferrous metals.

SEE ALSO: Alibaba commits to become carbon neutral by 2030

In addition to CCS, Carbon Energy is also working on green hydrogen technology. It has independently developed a third generation composite membrane material for the production of hydrogen by alkaline electrolysis of water, which greatly reduces the energy consumption for hydrogen in the process and ensures the safe operation of an electrolyser. high power. The base material of the high power electrolyser has been monopolized by foreign companies for the past 30 years.


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