Climeworks secured $162 million in funding, reaching over $1 billion total investment as the DAC leader pushes toward commercial viability. The company's Generation 3 technology doubles efficiency while Alberta invests $5 million in a DAC testing center. However, physics constraints and energy requirements challenge whether current DAC approaches can achieve the gigaton-scale atmospheric removal needed for climate impact.
Climeworks secured $162 million in funding, reaching over $1 billion total investment as the DAC leader pushes toward commercial viability. The company's Generation 3 technology doubles efficiency while Alberta invests $5 million in a DAC testing center. However, physics constraints and energy requirements challenge whether current DAC approaches can achieve the gigaton-scale atmospheric removal needed for climate impact.