Carbon Removal Climaccelerator progress report 2023

In 2021, two research institutions, TU Delft and ETH Zurich partnered with Climate KIC and other partners to create an accelerator for new European carbon removal startups to develop new solutions. Our support contributed to getting the initiative off the ground, helping get more shots on target. In addition, our funding for the program was matched by Climate KIC, helping to get more money for new carbon removal solutions.

Our early support for the Carbon Removal Climaccelerator has led to more CDR companies being supported through a structured and CDR-focused accelerator program. Also, the program itself has matured and evolved into a non-profit called Remove, with private funders allowing it to continue its work supporting startups and the European CDR-eco-system. Supported startups continue to have success, and in 2023 two alumni of the program were selected for the CTF, SeaO2 and Inplanet.

Two teams, NovoCarbo and Dutch Carboneers have sold and delivered 2,209 and over 1,550 tonnes respectively, bringing them in the top-11 worldwide for deliveries of high quality carbon removal. Over 80 teams have participated in Remove in 4 cohorts. Collectively they have raised over €50m in external funding, a proxy for their success in bringing carbon removal solutions to the market.