|Company name||Climeworks AG|
|Founding team||Dr. Jan Wurzbacher & Dr. Christoph Gebald|
|Founding story||Our two co-founders Jan and Christoph met on their first day of university at ETH Zurich and quickly became friends. Besides their love for engineering, they both share a passion for alpine sports and spent a lot of time in the Swiss Alps. Here, they experienced the effects of climate change first-hand. Shocked by the retreat of the glaciers, they vowed to do everything they could to tackle climate change.|
Jan and Christoph committed themselves to create a solution that empowers everyone to take climate action. Being engineers at heart, they put all their effort into working on a technology called direct air capture, a way to capture carbon dioxide directly from the air.
|Vision||Inspire one billion people to remove carbon dioxide from the air |
|Summary||Climeworks empowers people and companies to fight global warming by offering carbon dioxide removal as a service via direct air capture (DAC) technology. |
At Orca, Climeworks’ DAC facility in Iceland, the CO2 is permanently removed from the air by capturing and geologically storing it for thousands of years with Climeworks’ storage partner Carbfix.
Climeworks’ DAC facilities run exclusively on clean energy, and their modular CO2 collectors can be stacked to build machines of any capacity.
Founded by engineers Christoph Gebald and Jan Wurzbacher in 2009, Climeworks is on a journey to climate impact at scale. To do so, it strives to inspire 1 billion people to act and remove CO2 from the air.
Climeworks is spear-heading the DAC industry globally, with the world’s largest DAC facility and storage installation in operation and a team of over 200 Climeworkers determined to contribute to a net-zero future. Their growing customer base includes over 160 companies, including multinationals such as Microsoft, BCG, UBS or Swiss Re, as well as more than 15,000 individual Climate Pioneers.
|Investors||Climeworks completed its last funding round in April 2022. The new investor base includes several of the most renowned and largest institutional technology and infrastructure investors globally. They all have extensive experience in scaling up large-infrastructure and technology projects and all committed to the long-term journey of Climeworks. The financing was co-led by Partners Group (acting on behalf of its clients) and GIC, with further participation from (in alphabetical order) Baillie Gifford, Carbon Removal Partners, Global Founders Capital, John Doerr, M&G, Swiss Re, as well as other new and existing shareholders including long-term investor and anchor shareholder BigPoint Holding AG.|
Climeworks’ previous investors include private investors who share the long-term vision of Climeworks, as well as the Zurich Cantonal Bank.
|Customers||Select customers available https://climeworks.com/net-zero-solutions-for-businesses|