![]() With a patented modular open systems architecture, its DAC systems allow for plug-and-play upgrades, mass production, unlimited scalability, and rapid technology iterations. Led by CEO Adrian Corless, CarbonCapture develops and deploys direct air capture (DAC) machines that can be connected in large arrays to remove massive amounts of carbon dioxide from the atmosphere. The company intends to use the funds to continue technology development and field deployments of DAC systems. New investors included Amazon’s Climate Pledge Fund, Aramco Ventures, and Siemens Financial Services. The round was led by Prime Movers Lab, with participation from Idealab X, Marc Benioff’s TIME Ventures, Neotribe Ventures, Alumni Ventures. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.CarbonCapture, a Los Angeles, CA-based direct air capture (DAC) company, raised $80M in Series A funding. ![]() On the date of publication, Faisal Humayun did not hold (either directly or indirectly) any positions in the securities mentioned in this article. With a strong backlog and high financial flexibility, the company is positioned to make aggressive investments in emerging areas like carbon capture. Revenue is impressive, with Fluor reporting an order backlog of $26 billion across businesses in Q3 of 2023. So, Fluor will leverage on its technology to seek further growth in the carbon capture business. Notably, FLR’s technology has is already being used in 30 facilities over the last few decades. In the partnership, Fluor will be providing its proprietary Econamine FG Plus carbon capture technology. In June, Fluor and Carbfix announced a collaboration to pursue integrated carbon capture and storage ( CCS) solutions. With FLR stock trading at a forward price-earnings ratio of 14.4, it seems like a good accumulation opportunity. However, the energy solutions segment is involved in business that include carbon capture, renewable fuels, waste-to-energy, among others. Let’s discuss three names that look attractive.įluor Corporation (NYSE: FLR) is an engineering, procurement, and construction company. Over a five-year horizon, a few multibagger stocks are likely from the sector. The multi-fold growth in CO2 capture will translate into strong revenue and cash flow upside for the best carbon capture companies. Therefore, robust growth visibility exists even beyond the decade. It’s expected that by 2030, CO2 being captured will increase to 279 million tons, accounting for just 0.6% of today’s emissions. This makes a strong case for investing in some of the best carbon capture stocks.Īnd, with growth potential, the amount of CO2 being captured today is 43 million tons. According to the International Energy Agency, “ 40 commercial facilities are already in operation applying carbon capture, utilization and storage.” Further, growth estimates for the industry are optimistic through the decade. If we look at some of the major trends towards decarbonization, carbon capture is becoming increasingly relevant. InvestorPlace - Stock Market News, Stock Advice & Trading Tips
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