Ion Clean Energy, a Boulder, CO-based carbon dioxide capture technologies provider, raised $45M in funding.
Backers included Chevron New Energies (CNE) and Carbon Direct Capital.
The company intends to use the funds to further enhance its organizational growth and commercial deployment of its ICE-31 liquid amine carbon capture technology for hard-to-abate emissions.
Founded by Buz Brown, Ion Clean Energy specializes in carbon dioxide capture technologies that reduce overall costs and make CO2 capture a more viable option for hard-to-abate emissions. The company’s proprietary liquid absorbent process technology captures CO2 emissions from power generation and industrial point sources. According to a written note, the technology can capture more than 95% of CO2 emissions with low emissions, solvent stability, and low energy requirements.
FinSMEs
04/04/2024