Circular Carbon Network

CCN is hiring a PT Research Associate to help us through our report season! If you are experienced in carbon, early stage investments, and want some flexible PT work, let us know! https://lnkd.in/e3CmTr_c

From our mid year memo: In the first six months of 2024, closed deals in Circular Carbon companies totaled $3.6B 💸 🌏 📈 May was a particularly positive month, with $1.4B in closed deals. The number of deals, however, are significantly lower than last year, signaling a tightening of investment risk. While we are hopeful and excited,  CTVC reported an overall downtick in climate tech investing for early 2023, so we are watching this trend closely. Key Takeaways: 🟢 2024 circular carbon investments, by total dollar amount, outpaced 2023 January through June. 🟢 May was the leading month for total investment - with $1.4B in closed deals.  🟢 Number of deals, however, is down across all months, indicating larger investment rounds overall. 🟢 A third of the 87 deals closed in 2024 so far have been between $5M and $50M

🌍 Announcing our first Circular Carbon Mid-Year Report, a brief overview of the circular carbon investment trends over the last six months. The Circular Carbon industry has experienced robust activity in the first six months of 2024. Between early and late stage investments, and the U.S. Department of Energy (DOE) entering the chat, we have a few updates for the first half of the year. Key Takeaways: 🟢 Capital deployment reached $3.6 billion so far, relatively similar to last year 🟢 Deployment into early stage dipped from last year, as we are seeing a push for more later stage investments, project financing, and a lower risk appetite 🟢 Government involvement has given strong signals for the industry, but the election around the corner poses different risks, to different areas of circular carbon In this mid-year memo, we examine the capital deployment dynamics in 2024 to date, which is slightly lower, but similar to 2023. The path to a sustainable industry involves developing unique and embedded use cases for removed carbon, such as agnostic industrial integration, and fostering a more active and fungible VCM with approachable pricing and uniform integrity measures. In our 2024 Market Report, coming in early 2025, we will analyze the entire year of capital deployment into Circular Carbon in context of years past. Read the full memo here —> https://lnkd.in/ehWMkzjN

🌍 Heirloom is building two Direct Air Capture (#DAC) facilities in Northwest Louisiana, removing nearly 320,000 tonnes of CO2 per year and creating at least 1,000 new clean energy jobs. 🌍 Key Highlights: 📍 Location: Port of Caddo-Bossier in Shreveport 💼 Jobs Created: 1,000+ 🌿 Annual CO2 Removal: 320,000 tonnes 🔋 Powered by Renewable Energy Technology: Heirloom's Process: Enhances the power of limestone to capture CO2 from the air, accelerating natural processes to absorb CO2 in just three days CO2 Storage: Partnering with CapturePoint for safe, durable CO2 storage in Class VI underground wells Facility Details: First Facility: Operational in 2026, removing 17,000 tonnes of CO2 annually Second Facility (Project Cypress): Operational in 2027, removing 300,000 tonnes of CO2 per year, funded by up to $600 million from the U.S. U.S. Department of Energy (DOE) / DOE Office of Clean Energy Demonstrations #CleanEnergy #CarbonCapture #Sustainability #JobCreation #Louisiana #ProjectCypress #ClimateAction https://lnkd.in/gN5gqdrA

Help us highlight our catalysts! Has your #circularcarbon company, worked with a catalyst (accelerator, incubator, etc.) that has impacted your company growth? Let us know!

Great news for #circularcarbon innovators: our data reveals that in 2023, both carbon removal and conversion solutions showed significant positive growth in the amount of capital raised. Specifically, removal solutions secured $1.7B more capital than in 2022. This capital was distributed across 138 more carbon removal-specific deals than the previous year, and the median deal size also increased. If you’re a circular carbon innovator or investor, check out the deal hub on our website, which matches actively fundraising startups to investors.

Innovators in the #circularcarbon industry are growing and we’re here for it 👏 We analyze innovators working in Circular Carbon using several criteria. First and foremost, the solution must be a Circular Carbon one — classified as either carbon removal, carbon conversion, point source capture, or market infrastructure. Our index now represents 1000 innovators across 55 countries. Not in our index yet? Go to our website at any time to add your company.

Our Catalyst Index is designed to help market participants of all types better understand and access the services, expertise, resources, and support that the growing number of enabling organizations in and around the Circular Carbon sector offer.  One excellent example of a catalyst is the Carbon to Value Initiative (#C2VInitiative) and applications are open now for their next cohort, don’t miss this incredible opportunity!

Getting to gigatonne scale carbon removal will be one of the greatest grand challenges humanity has ever faced, and we are just getting started. This report is an analysis of the Top 100 Teams in the XPRIZE Carbon Removal, using real data from their February 2024 submissions to the Finals of the competition. As an #XPRIZE initiative, we loved supporting this groundbreaking work! #carbonremoval https://lnkd.in/gfMXKKfA

Have you seen our 2023 market report yet? If you’re looking for a download of the latest and greatest carbon industry data this is it! #circularcarbon https://lnkd.in/exjXnmYw