News & press
Read up-to-the-minute news from our press team, providing the latest developments within Climeworks, and across the climate industry.
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21.09.2023
Climeworks and Great Carbon Valley chart path to large-scale direct air capture and storage deployment in Kenya
Climeworks and Great Carbon Valley (GCV) are exploring the development of large-scale DAC+S projects in Kenya.
05.04.2022
Climeworks raises CHF 600 million in latest equity round
Climeworks has raised CHF 600 million in equity in its latest financing round, which will unlock the next phase of Climeworks' growth.
21.09.2023
Climeworks eyes Kenya project to capture carbon dioxide from air
Climeworks is exploring the development of a large-scale direct air capture (DAC) project in Kenya to remove and store carbon dioxide from the atmosphere with Great Carbon Valley, the first of its kind in East Africa.
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18.09.2023
Climeworks selects Puro.earth to work toward certification under the Puro Standard, in collaboration with storage partner Carbfix
Climeworks and Carbfix announce to work with Puro.earth to certify Climeworks’ carbon dioxide removal (CDR) services under the Puro Standard
06.09.2023
Climeworks is part of BBC StoryWorks' film series “Humanizing Energy”
The film “Climeworks: Removing CO₂ from the air” dives into our history, technology, and scalable potential.
04.09.2023
Carbon catch-up | Nature or tech solutions? How to build a carbon removal strategy
During our online webinar, JPMorgan Chase & Co. and The Nature Conservancy discussed why a carbon removal portfolio needs to include both technological and nature-based solutions.
17.08.2023
U.S. Department of Energy selects three out of three DAC Hub applications that Climeworks participates in
Together with its project partners, Climeworks received Notification of Selection for three out of three direct air capture hub proposals from the U.S. Department of Energy.
11.08.2023
Team of Battelle, Climeworks, Heirloom, Receive Notification of Selection on Direct Air Capture Hub from U.S. Department of Energy
Battelle and leading clean technology developers Climeworks and Heirloom have received Notification of Selection from the U.S. Department of Energy (DOE) for a proposal for the Bipartisan Infrastructure Law’s Regional Direct Air Capture (DAC) Hubs program.
10.08.2023
Biden Bets Billions on Tech That Sucks Carbon Out of the Air
Direct air capture plants proposed by Occidental and Climeworks will receive as much as $1.2 billion in US funding to fight climate change.
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20.07.2023
Supercharging carbon removal: a focus on DAC technology
In this third edition of the Climeworks industry snapshot, our bi-annual publication focusing on the DAC industry, we feature contributions from scientists, industry and policy experts discussing DAC technology and exploring how it can help to ‘supercharge’ carbon removal.
19.07.2023
The Economist Group renews commitment to high-quality carbon dioxide removal
The additional purchase by the media group sets an example for how early buyers across industries can take action on CDR and build long-term relationships in this emerging sector.
12.07.2023
Meet Climeworks at Climate Week NYC 2023
On September 17-24, Climeworks will participate at the Climate Week NYC 2023 - the largest annual climate event of its kind. Let's connect!
07.07.2023
Mammoth: construction update on preparatory works for Carbfix on-site storage of CO₂
Preparations for in-situ CO₂ storage underway, thanks to partner Carbfix: Now that the harsh Icelandic winter has passed, we’re pleased to share that a further key piece of the facility is about to be completed: two in-situ storage installations, owned and operated by Carbfix.
06.07.2023
Highlights of the Climeworks Direct Air Capture Summit 2023
Read our highlights to learn what it takes to advance high-quality carbon removal solutions.
29.06.2023
The Three Biggest Letters in Carbon Removal Are MRV
Monitoring, reporting, and verification are becoming increasingly crucial to ensuring that carbon removal startups are delivering on their promises to clean up the atmosphere.
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27.06.2023
An Industry That Actually Welcomes Regulation
Big things are happening in the carbon removal industry, and it’s clear that, over the next few years, it will enter the mainstream. Thus, every effort should be made to ensure that we can trust it.
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07.06.2023
Carbon Dioxide Removal (CDR) leaders gather at 4th annual Climeworks Direct Air Capture Summit to chart realistic path forward to high-quality carbon dioxide removal solutions at gigaton scale
The 2023 Direct Air Capture Summit successfully concluded in Zurich, Climeworks' global headquarters, bringing together all facets of the ever-expanding carbon dioxide removal (CDR) industry, and its stakeholders.
23.05.2023
JPMorgan Chase and Climeworks landmark CDR agreement heralds new standard in voluntary carbon market for direct air capture
Valued above USD 20 million, the agreement represents one of the largest purchases to date in the direct air capture (DAC) industry.
23.05.2023
Bloomberg | JPMorgan Pledges $200 Million to Suck Carbon From the Sky
JPMorgan Chase & Co. has made one of the largest single corporate purchases to pull carbon from the air: The bank will pay Swiss startup Climeworks $20 million for removal services.
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23.05.2023
WSJ | JPMorgan Makes One of the Biggest Bets Ever on Carbon Removal
The biggest U.S. bank is making one of the biggest bets ever to remove carbon from the atmosphere as a way to fight climate change.
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17.05.2023
Carbon removal actors join Climeworks-initiated statement calling for a clear distinction between reductions and removals
In April 2023, Climeworks published a statement calling for a clear distinction between emissions reductions and carbon dioxide removal - in climate pathways, target setting and industry standards. The reactions have been very affirmative and while Climeworks initiated the statement, it became clear that it addresses a topic relevant to the broader carbon removal ecosystem.
16.05.2023
Carbon catch-up | Why third-party verification matters | With DNV
Together with DNV, Climeworks discussed the critical role of monitoring, reporting and verification (MRV) to scale high-quality carbon removal solutions.
16.05.2023
Climeworks says yes to the Swiss Federal Act on Climate Protection Goals, Innovation and Strengthening Energy Security (KIG)
The KIG, which will be voted on in Switzerland on June 18, 2023, is a significant milestone towards achieving Swiss climate targets
09.05.2023
Climeworks named to CNBC Disruptor 50 List of 2023 for pioneering and transforming the carbon removal industry through its direct air capture technology
This prestigious annual list, published by CNBC, the global leader in business news, highlights some of the most innovative venture-backed companies disrupting their respective industries and driving change across the business world.
02.05.2023
CBS 60 Minutes | Inside efforts to scale direct air capture to slow climate change
Carbon dioxide is captured from the air and buried underground as part of groundbreaking new technology to slow climate change. Bill Whitaker met with teams making it happen in Iceland.
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19.04.2023
Climeworks confirms expansion to U.S., growing U.S. team in coming year to meet increasing carbon removal industry demand
Climeworks outlines its intent to engage in several large-scale direct air capture projects in the U.S. over the next few years, with the potential to create thousands of direct U.S. jobs in the process.
19.04.2023
Partners Group signs 13-year carbon dioxide removal agreement with Climeworks
Partners Group, a leading global private markets firm, has signed a 13-year agreement with Climeworks. Under the agreement, Climeworks will remove more than 7,000 metric tons of CO₂ from the atmosphere on Partners Group’s behalf, which will be permanently stored underground.
13.04.2023
In line with climate science, Climeworks calls for a clear distinction between emissions reductions and carbon removals
Emissions reductions and carbon dioxide removal fulfil two fundamentally different purposes in solving the climate crisis and present differing dynamics. Hence, Climeworks believes that the two solutions should be clearly separated and treated differently, in line with climate science.
13.04.2023
Heatmap: Climeworks wants to revamp the concept of net zero
The Swiss company’s statement calls for “a clear distinction between emissions reductions and carbon removals” in corporate and national climate plans and in the carbon market.
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06.04.2023
First speakers announced for the Climeworks Direct Air Capture Summit 2023
Discover our line-up for the Climeworks Direct Air Capture Summit, taking place on June 6, 2023.
05.04.2023
POLITICO: The exec selling climate tech to corporates
Direct air capture is hot right now, and Carlos Härtel is one of those leading the push to capitalize on it.
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01.04.2023
Bloomberg (video): The Last Resorts | Getting Warmer with Kal Penn
In this episode of Getting Warmer, Kal Penn explores some of the more drastic Plan Bs aimed at fighting global warming or protecting populations from climate extremes. These include supercharging the oceans’ ability to soak up CO2 and even managed retreat.
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21.03.2023
Mammoth: what it takes to manufacture direct air capture plants at new scales
The construction of Climeworks’ Mammoth plant is well underway and the production of the plant’s CO₂ collector containers (abbreviated as CCs) has started. The CCs are the modular units capturing CO₂ from the air. They exemplify one of the core components of Climeworks’ direct air capture (DAC) plants, which will need to be produced on a much larger scale in the future. The CCs were fully developed and designed by Climeworks.
21.03.2023
BBC: Climate change: Can we really take CO2 back out the air?
Tackling climate change could require sucking carbon back out of the atmosphere, according to the IPCC. Jocelyn Timperley looks at how these 'negative emissions' might work.
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15.03.2023
Reuters: Bid in for $500 mln U.S. climate grant for direct air carbon capture
Two companies developing technology to suck carbon out of the air, Switzerland's Climeworks and California's Heirloom, have teamed with non-profit firm Battelle to bid for a $500 million U.S. grant to commercialize the climate-friendly technology.
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15.03.2023
Carbon Herald: Climeworks, Heirloom And Battelle Apply For $500M US Grant For Direct Air Capture
Climeworks and California’s direct air capture company Heirloom, have come together with independent non-profit firm Battelle to apply for a $500 million US grant to commercialize their carbon removal technology, reports Reuters on March 15th.
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06.03.2023
Carbon catch-up | The business case for carbon removal | With Shopify
Our online webinar with Shopify put the spotlight on the buyer and supplier perspective about why companies should purchase carbon removal today.
01.03.2023
Geekwire: Big tech’s billions for climate: Here’s where Amazon and Microsoft are making their carbon bets
In January 2020, Microsoft announced its $1 billion Climate Innovation Fund, and six months later Amazon unveiled its $2 billion Climate Pledge Fund.
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23.02.2023
Climeworks is amongst the founders of new Carbon Removal Alliance advocating for permanent carbon dioxide removal
Climeworks is amongst the founders of the newly launched Carbon Removal Alliance (CRA) - the first policy coalition focused on a portfolio of high-quality, permanent carbon removal.
23.02.2023
Reuters: Carbon-removal companies launch group to lobby U.S. government on policies
More than 20 companies in the burgeoning carbon removal industry on Thursday launched a coalition that will lobby the U.S. government for new policies to help commercialize the nascent technology, which has received a flood of private investment in recent years.
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23.02.2023
AXIOS: The carbon removal industry puts down roots as it grows
The Carbon Removal Alliance brings together 20+ members, spanning removal companies with multiple methods, buyers, and more. Members include Charm Industrial, Lithos Carbon, Stripe, Climeworks, and CarbonBuilt, to name a few.
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21.02.2023
Climeworks at TED: The massive machines removing CO₂ from Earth's atmosphere
Co-founder and co-CEO Jan Wurzbacher shared his expert insight at TED Countdown on the potential and challenges of scaling direct air capture technology.
15.02.2023
Sifted: Climeworks eyes US expansion in wake of $369bn climate bill
Climeworks, the world’s best-funded carbon removal startup and a poster child of European climate tech, is looking to expand into the US in the wake of the country’s $369bn climate bill, which offers significant financial incentives for climate tech companies.
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14.02.2023
POLITICO: Swiss CO2 removal leader pitches Gulf Coast hub
The Louisiana proposal is one of several that Climeworks AG is seeking to build out with funding from the Energy Department's $3.5 billion direct air capture program.
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10.02.2023
A call for standardization of carbon dioxide removal
Seventy representatives of organizations concerned with carbon dioxide removal (CDR), incl. Climeworks, are calling for standards to assess the performance of different CDR approaches in an open letter.
25.01.2023
The Verge: Meet the former Tesla director who wants to pull carbon dioxide out of the air
After working to expand Tesla’s operations internationally, Douglas Chan is leading a similar effort at Swiss climate tech company Climeworks.
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24.01.2023
Business Insider: The world is one step closer to making a business out of vacuuming carbon dioxide from the sky
The latest climate win came in the form of an audit. The Swiss company Climeworks this month hit a milestone when, for the first time, an independent third-party verified the startup's novel technology for sucking carbon dioxide out of the atmosphere and storing it underground.
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16.01.2023
BusinessGreen: 'Building trust': Climeworks celebrates carbon removal certification milestone
Negative emissions technology pioneer Climeworks has chalked up another major milestone for the nascent industry, last week confirming it has provided third-party certified carbon dioxide removal (CDR)
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13.01.2023
Bloomberg (video): Is CO2 Removal Ready for Its Big Moment?
In a field long plagued by hype and high costs, carbon removal startups are showing real promise. The question is whether they can scale up in time.
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12.01.2023
Climeworks delivers third-party verified CDR services to its first corporate customers, based on first and only validated DAC+S methodology
Climeworks provides third-party verified CDR services, performed at Orca, to its first corporate customers, thereby setting new industry standards for carbon dioxide removal (CDR) via direct air capture & storage (DAC+S).
12.01.2023
WSJ: Climate Startup Removes Carbon From Open Air in Industry First
One of the most important technologies to address climate change got a boost Thursday when a startup said it pulled carbon dioxide from the open air and stored it underground.
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