Many companies are focusing on removing carbon from the atmosphere to combat global warming, but now they are turning their attention to the ocean as a potential resource. The ocean acts as a natural carbon sink, absorbing a quarter of all carbon dioxide and generating half of the oxygen we need. However, climate change has affected the ocean’s ability to perform this vital role.
Technology companies such as Equatic, Captura, Running Tide, and Ebb Carbon are using innovative methods to restore ocean chemistry and accelerate its natural abilities. Ebb Carbon, for example, sets up modules near ocean water and uses an electrochemical process to remove acid. This process allows the seawater to absorb carbon dioxide more effectively and store it as bicarbonate.
Ben Tarbell, co-founder and CEO of Ebb Carbon, anticipates that the company will be able to remove over a million tons of CO2 per year within the next five years. They plan to achieve this by improving the ocean’s natural capabilities and enabling it to convert CO2 into a safe and stable form.
Ebb Carbon’s technology has the potential to reduce costs significantly. By leveraging existing infrastructure, such as desalination plants and coastal power plants, they can provide benefits to these facilities while reducing their own costs. This makes the company an attractive option for companies like Stripe, which are seeking offsets to meet their net-zero goals.
The voluntary carbon market presents a lucrative opportunity for companies involved in carbon removal. Large corporations are willing to pay to remove carbon from the atmosphere to offset emissions in other areas of their business. Gabriel Kra, the managing director at Prelude Ventures, estimates that this market alone is worth billions of dollars.
Ebb Carbon has received backing from investors such as Prelude Ventures, Evok Innovations, Congruent Ventures, and Propeller. With $27.75 million raised to date, the company is poised to make a significant impact in the fight against climate change.
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