Energy & Science
Bill Gates Invests in Carbon Capture Startup After Tech Breakthrough
An MIT spinoff has developed a new material that aims to make sucking CO2 out of the atmosphere more efficient
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A Massachusetts-based startup that captures carbon dioxide directly from the air has raised $80 million from investors, including Bill Gates-led Breakthrough Energy Ventures.
Founded in 2019, Verdox Inc.’s technology is still only operable at lab scale. But Chief Executive Officer Brian Baynes says that a recent breakthrough with the key material used to trap the greenhouse gas has given investors confidence to invest such a large sum at an early stage in the startup’s development.