By Sasha Ranevska, Carbon Herald
Graphyte, a leading company in the carbon removal industry, recently completed a Series A funding round totaling $30 million. This event marks a big milestone for the Arkansas-based company, as they continue to make strides in the fight against climate change.
The funding round was jointly led by Prelude Ventures and Carbon Direct Capital and also included contributions from current investors Breakthrough Energy Ventures (BEV) and Overture.
One of the main obstacles to making carbon removal more widespread and viable is the significant amount of energy required for the process. As a solution, Graphyte has identified a sustainable, nature-based approach to carbon removal that relies on photosynthesis.
Under the leadership of CEO Barclay Rogers, Graphyte has created its carbon casting technology that stores carbon-rich biomass waste underground. As Rogers explains it, the process of carbon casting involves allowing nature to efficiently capture CO2 and then utilizing engineering methods to store it for extended periods relevant to climate change.
The company discovered that by preventing factors like microbes and moisture from contributing to biomass decomposition, the carbon stored in plants can be kept from reentering the atmosphere.
Their technology uses biomass that is easily accessible, such as leftovers from timber and farming activities, which are dried and compressed into dense carbon blocks that are sealed with an environmentally friendly barrier. These blocks are then stored underground with advanced monitoring, offering an efficient and scalable solution for removing carbon emissions.
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