$ cat ./records/breakthrough-energy-ventures-leads-80-million-round-for-verdox-el-2022.txt
Breakthrough Energy Ventures Leads $80 Million Round for Verdox Electrochemical Carbon Capture Technology
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On February 2, 2022, Verdox raised $80 million led by Breakthrough Energy Ventures alongside Prelude Ventures and Lowercarbon Capital to commercialise its MIT-developed electrochemical carbon removal technology. Unlike thermal carbon capture systems requiring large amounts of heat and water, Verdox's electrochemical process selectively captures and releases CO₂ using targeted electrical energy at any atmospheric concentration, eliminating the need for heat regeneration. The technology was developed at MIT's Department of Chemical Engineering and is scalable to direct air capture applications.
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Related Accomplishments
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Commonwealth Fusion Systems — backed by Bill Gates's Breakthrough Energy — hit a major hardware milestone heading into 2026, installing the first of 18 powerful high-temperature superconducting magnets in its SPARC tokamak near Boston. CFS is racing to achieve 'first plasma' in 2026 and net energy gain in 2027, aiming to prove that commercial fusion power is possible. It is among several fusion ventures Gates has funded in his long search for an 'energy miracle' to fight climate change.
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