Climeworks AG

Climeworks AG specializes in innovative carbon dioxide removal solutions, utilizing advanced Direct Air Capture technology to address climate change through effective carbon removal services tailored for both individuals and businesses. Founded in 2009, Climeworks AG is headquartered in Zurich, Switzerland. The company focuses on carbon dioxide removal solutions and has engaged in 7 funding deals, the most recent of which occurred in April 2022, raising CHF 600 million. The company was co-founded by Christoph Gebald and Jan Wurzbacher, who continue to serve as CEOs.

Climeworks specializes in high-quality carbon dioxide removal solutions through its Direct Air Capture (DAC) technology. It offers customized carbon removal portfolios that combine nature-based and engineered methods, catering to both individual consumers and businesses. Services range from removing 1 kilogram of CO₂ for individuals to 1,000 tons for corporate clients, and the company operates in various international markets, including North America, Europe, and Asia, to provide its carbon solutions. Climeworks generates revenue through various transactional models, including direct purchases of carbon removal services via an online store and subscription plans for ongoing removal commitments.

Pricing structures are tailored for both individual and corporate clients, allowing for specific volume purchases of carbon removal. The company also forms long-term partnerships, enabling businesses to incorporate carbon removal into their sustainability strategies while focusing on transparency and quality. Following its CHF 600 million venture funding round in April 2022, co-led by GIC and Partners Group, Climeworks plans to utilize this capital to enhance its carbon dioxide removal capabilities, aiming for zero net emissions by 2050 and eventually achieving net-negative emissions. The company is also looking to expand its market presence in new geographic regions, although specific locations and timelines have not been detailed.

The funding will support these initiatives and bolster the company’s efforts in tackling historic and residual carbon emissions.