CA-based Avnos secures $36million in series A round funding. NextEra Energy led the investment, and Rusheen Capital Management, Safran Corporate Ventures, Shell Ventures, and Envisioning Partners also participated.
The business plans to construct a new, cutting-edge research and development facility not far from New York City, expand its staff, and deploy more HDAC assets around North America and Europe with the funding.
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Under the leadership of CEO Will Kain, Avnos is the most resource-efficient and consequently economically advantageous technology currently on the market since it creates water while removing carbon dioxide from the air.
With Avnos, customers can effortlessly set up and manage their own direct air capture program regardless of geography and return resources to the communities in which they operate. Avnos is designed to be licensed and implemented by companies dedicated to decarbonization, ranging from energy companies to carbon utilization to project developers.
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The U.S. Department of Energy and the U.S. Office of Naval Research have given the business multi-million dollar projects to showcase their HDAC solution in the field and to pilot CO2 collection and e-fuels production, respectively.
Will Kain said: “We feel the urgency to roll out HDAC more broadly so as to deliver on the enormous, positive climate and economic opportunities in front of us. With this substantial funding, Avnos continues to expand its unparalleled roster of partners supporting our rapid acceleration.”
About Avnos
The greatest chance in the world to remove carbon dioxide via direct air capture at the gigaton scale is Avnos. Their team comprises motivated scientists, engineers, and technical operators who are collaborating to address one of the most intriguing and significant issues facing humanity today: eliminating historical carbon emissions to aid in global warming mitigation.
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