Carbon Cure, the winner of the Carbon XPRIZE Grand Prize, is tasked with reducing and eliminating 500 million metric tons of carbon emissions each year by 2030.
It demonstrates key climate leadership with a commitment to spend $ 5 million annually on the world’s most promising technologies and projects to combat climate change.
Today, CarbonCure’s carbon credit buyers are the first sectors to invest in permanent and verifiable carbon removal, including Wellington Management in the financial sector, Hut8, a cryptocurrency miner and data center innovator, and Mapbox and Zendesk, which represent the technology sector.
Robert Niven, Chairman and CEO of CarbonCure, said: Their purchases are accelerating the adoption of Carbon Cure technology by concrete producers.
“We are working to expand our technology globally and dramatically expand our carbon storage business, so we will take this moment to help our partners remove CO2 and ensure a sustainable and livable climate.
CarbonCure’s methodology for calculating carbon credits was approved in 2021 by Verra, the world’s most widely used voluntary greenhouse gas credit program.
“CarbonCure has grown from a single-product company to a vertically integrated carbon removal solution across the global concrete industry, which results in carbon dioxide emissions, one of the world’s most difficult sectors to decarbonize.
CarbonCure’s cutting-edge research and innovation has earned worldwide recognition and prestigious titles, especially the highest awards of the NRG COSIA Carbon XPRIZE, the 2020 North American Cleantech Company of the Year, and the Cleantech 100 Hall of Fame Company.
The founding team includes Maria Eugenia Philmanovich, a former vice president of Goldman Sachs, who has advised companies on forestry investment and carbon procurement, and Valerio Magriuro, a former product manager of Monzo, Google and Facebook.
Mapbox fully integrates with your company’s valuable data, with over 3.5 million registered developers, over 650 million active users, over 2.1 billion miles of data, and over 100,000 mobile updates per day.
With Patch, companies can incorporate climate change measures into their products and neutralize the carbon impact of everyday transactions such as shipping, travel and financial services.
Companies of all sizes use Pledge to understand and manage the climate impact of their products.
Stripe and its users have promised to buy $ 15 million from 14 carbon-removal startups in North America, Europe and the Middle East.
With a history dating back to 1928, Wellington Management is one of the world’s largest independent investment managers, serving as a trusted advisor to more than 3,200 clients in more than 60 countries.
Today, Zendesk is a great service champion for everyone, with over 100,000 brands and hundreds of millions of customers through phone, chat, email, messaging, social channels, communities, review sites, and help centers.