Ledgy dives into collaboration with SeaO₂ to help bring its pioneering oceanic carbon capture technology to life
We are really proud of our partnership with Ledgy. This advanced market commitment from Ledgy accelerates our tech development. #onwards
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At Ledgy, we take sustainability seriously, and we believe in innovation and entrepreneurship. So we're announcing our new partnership with SeaO2, which takes a different approach to emissions reduction.
One third of all global carbon emissions are bound up in our seas and oceans. Additionally, the concentration of carbon in the ocean is more than 150 times higher than in the air, making oceanic carbon capture technology a potent weapon in the fight against climate change.
There are well documented issues with many carbon offsets, which do little to actually remove carbon dioxide from the atmosphere permanently. Carbon removal technology, on the other hand, has high potential but the infrastructure for carbon removal startups is still at an early stage.
So Ledgy has begun to work with remove, a European accelerator for early-stage carbon removal startups, to support the emerging carbon removal ecosystem. Ledgy will invest its annual carbon removal budget in new startups producing innovations focused on removing carbon, selecting the most promising technologies and teams and becoming their first customer.
Our first partnership and financial commitment is with SeaO2. SeaO₂’s prototype, situated in the North Sea, uses electrodes to treat water, which then releases gaseous CO₂. The water is directed back to the surface where it returns to its natural pH level, while the captured carbon is permanently stored underground. 🌊
SeaO2's prototype is able to extract one ton of CO2 per year. The team's next ‘pilot plant’ – which will be able to extract 250 tons of carbon per year – is on track to launch by the end of 2023. By 2025, SeaO2 hopes to be removing thousands of tons of carbon from our atmosphere every year.
Ledgy co-founder Ben Brandt says, “At Ledgy we believe that entrepreneurs are going to be central to solving the world’s most pressing challenges. That’s why we think opting to contribute early on to SeaO₂’s research and development is a more worthwhile way to compensate for our emissions as a company, aiming for maximum long-term impact instead of short-term offsets and grand claims of carbon neutrality.”
#sustainability #climatetech