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The Carbon Engineering acquisition by Occidental is one more signal that the carbon dioxide elimination (CDR) business is maturing.
And whereas the business is comparatively new, a whole lot of tens of millions of {dollars} have been poured into CDR firms, suggesting extra exits are on the horizon.
As a part of our revamped CDR choices, we’ve collected information on over 550 firms world wide that want to seize, retailer, or make the most of carbon ultimately — you’ll be able to try the public dashboard right here.
Behind the scenes, we’ve additionally been wanting into information on CDR buyers. Thus far, we’ve collected data on:
- 177 buyers
- 112 funded firms
- 367 investments
- $4b in funding exercise tracked
Beneath are some abstract statistics that may assist to place the Carbon Engineering acquisition in wider context.
We see bigger rounds than common in CDR. The hole widens as firms show out their fashions and get additional into the funding rounds: that is probably attributable to CDR being an inherently {hardware} sector, that means economies of scale are more durable to optimize than in software program.
We’ve additionally collected information on over 2,000 patents which might be held by firms participating in CDR. Whereas the outcomes are nonetheless preliminary (and susceptible to be influenced by outliers, given the comparatively small pattern dimension) we see a reasonably robust optimistic correlation of 0.57 between variety of patents held and the sum of money raised.
This is sensible — as companies are higher capable of reveal to buyers their aggressive benefit, they turn into extra enticing to potential funders. Carbon Engineering, by our rely, holds 13 patents.
We’ll present extra evaluation on CDR funding within the coming weeks, keep tuned!
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