The Spokane, Wash. startup captures CO2 from buildings as well as onsite power generation systems and delivers it to industrial users, such as concrete makers, as an input. In New York, CarbonQuest has been capturing emissions from five large residential buildings in Manhattan and trucking the carbon in liquified to a masonry supplier in Brooklyn.
“CarbonQuest brings a stellar team and a critical decarbonization solution to a wide range of industries, including utilities, manufacturing, data centers, and facilities with onsite power,” said Vic Pascucci with Energy Capital Ventures, a Chicago-based investor in “green molecules.”
Also participating were Riverbend Energy Group, which led the round, Aligned Climate Capital and two unnamed institutional investors. CarbonQuest says the funding will help it achieve the lowest price per ton of captured carbon and expand into additional sectors that rely on onsite power or re-use CO2 onsite.
