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The CDR Funding Panorama. As Occidental buys Carbon Engineering… | by Anton Root | AlliedOffsets


2 min learn

Aug 17, 2023

The Carbon Engineering acquisition by Occidental is one more signal that the carbon dioxide removing (CDR) trade is maturing.

And whereas the trade is comparatively new, lots of of hundreds of thousands of {dollars} have been poured into CDR firms, suggesting extra exits are on the horizon.

As a part of our revamped CDR choices, we’ve collected information on over 550 firms around the globe that want to seize, retailer, or make the most of carbon ultimately — you’ll be able to try the public dashboard right here.

Behind the scenes, we’ve additionally been trying into information on CDR buyers. Thus far, we’ve collected info on:

  • 177 buyers
  • 112 funded firms
  • 367 investments
  • $4b in funding exercise tracked

Under are some abstract statistics that may assist to place the Carbon Engineering acquisition in wider context.

We see bigger rounds than common in CDR. The hole widens as firms show out their fashions and get additional into the funding rounds: that is possible resulting from CDR being an inherently {hardware} sector, which means economies of scale are more durable to optimize than in software program.

We’ve additionally collected information on over 2,000 patents which are held by firms partaking in CDR. Whereas the outcomes are nonetheless preliminary (and susceptible to be influenced by outliers, given the comparatively small pattern dimension) we see a reasonably sturdy constructive correlation of 0.57 between variety of patents held and the amount of cash raised.

This is sensible — as companies are higher capable of reveal to buyers their aggressive benefit, they grow to be extra engaging to potential funders. Carbon Engineering, by our depend, holds 13 patents.

We’ll present extra evaluation on CDR funding within the coming weeks, keep tuned!

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