Climeworks Scales Up Atmospheric CO2 Removal As A Service

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Executive Summary

This report forms part of the Verdantix coverage of net zero and energy transition technology and services propositions. The report helps sustainability decision-makers understand how direct air capture of atmospheric CO2 can play a part in a net zero emissions strategy. Climeworks has designed 15 direct air capture machines across the globe, including a large-scale 4,000tCO2/year facility in Iceland. Climeworks boasts customers in multiple industries including prominent global brands such as BCG, Microsoft and Swiss Re. The high quality and high cost attributes of the atmospheric CO2 removal service from Climeworks makes it a good fit for firms seeking to neutralize a small volume of residual emissions, drive ambitious net zero strategies or fuel high-profile climate initiatives.

Table of contents

Innovative Direct Air Capture Technology Pulls In Demand From High Profile Customers 
Climeworks Targets Scalability After A Decade Of Innovation
Modular Direct Air Capture Machines Form The Core Of Climeworks Technology 
Direct Air Capture Is A Strong Fit For Firms With Mature Climate Strategies And Deep Pockets 

Organisations mentioned

About the authors

Connor Taylor

Senior Analyst
Connor is a Senior Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software, climate change consulting services, and the voluntary carbon markets. Connor joined Verdantix in 2021, with prior experience in EHS technology sales and development. He holds a BA from the University of Cambridge in Anglo-Saxon, Norse and Celtic.

Victor Voulgaropoulos

Senior Analyst

Victor is a Senior Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on asset management solutions and their overlap with industrial risk management technologies and digital twins. His advisory portfolio includes go-to-market, growth strategy, commercial due diligence and digital strategy projects for corporates, vendors and investors. Prior to joining Verdantix, Victor was a research associate at Imperial College London and Massachusetts Institute of Technology, providing engineering advisory services for clients in the energy industry (oil & gas, nuclear and solar). Victor holds a PhD in Process Engineering from University College London.

David Metcalfe

CEO
David is the CEO of Verdantix and co-founded the firm in 2008. Based on his 20 years of experience in technology strategy and research roles he provides guidance on digital strategies to C-level executives at technology providers, partners at private equity firms and function heads at large corporations. His current focus is on helping clients understand their market opportunity tied to ESG investment trends and their impact on corporate sustainability strategies. During his 12 years running Verdantix – including 4 leading the New York office – he has helped dozens of clients grow their businesses through fund raising, acquisitions and international growth. David was previously SVP Research at Forrester and Head of Analysis & Forecasting at BT. He holds a PhD from Cambridge University and also worked as a Research Associate at the Harvard Business School.

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