![Pinterest](https://pinterest.com/pin/create/button/?url=https://xperttimes.com/jetblue-backs-avnos-in-revolutionary-carbon-seize-tech-eyes-sustainable-gas-future/&media=https://xperttimes.com/wp-content/uploads/2024/03/JetBlue-Backs-Avnos-in-Revolutionary-Carbon-Capture-Tech-Eyes-Sustainable.jpg&description=One of the newest and fastest-growing weapons in the fight against global warming is technology to remove carbon dioxide from the atmosphere, known as direct air capture. Some liken it to sucking CO2 out of the atmosphere. However, it's not a perfect science, and most methods require a lot of water. That is about to change, with new companies offering new strategies. Revolutionizing Direct Air Capture Direct air capture is already a growing business, and governments around the world are adding to it, providing tax incentives and grants to help spur the industry forward. Some of the first firms to do it, such as Climeworks and Carbon Capture, use massive fans in the process. One California-based startup called Avnos is differentiating itself by creating, rather than using, water in the process. "We produce as opposed to consume water," said Will Kain, CEO of Avnos. "We don't consume any heat, which is a major differentiator and allows us to be more cost-effective, more resource-efficient and ultimately more scalable than other solutions in the space." Avnos invented what it calls "hybrid direct air capture," which uses a dehumidification technology to produce approximately five tons of water per ton of CO2 captured. Others consume about that much or more. Turning Challenges into Opportunities "We have the opportunity to turn a cost line item for other forms of direct air capture, in spending money on water, to a revenue line item, where we can generate revenue by selling the water that we produce directly from the air," said Kain. Similar to other direct air capture companies, Avnos is benefiting from both government tax credits and direct funding. Critics argue direct air capture in general is never going to remove enough carbon to make a dent in the 50 billion tons of CO2 emissions each year, but Kain argues this is just one tool in a decarbonization ecosystem that includes renewable energy such as wind, solar and geothermal. JetBlue Ventures Sees Sustainable Future Both water and captured carbon can be used to make sustainable aviation fuel. That was particularly attractive to investor JetBlue Ventures, the venture capital arm of the airline, which invests in companies attempting to change the travel industry. "It is not only more climate friendly, but it's also a cheaper way to pull carbon from the air and actually produce a feedstock for the future for sustainable aviation fuel," said Amy Burr, president of JetBlue Ventures. In addition to JetBlue Ventures, Avnos is backed by Shell Ventures, the Grantham Foundation's Neglected Climate Opportunities Fund and Rusheen Capital Management. Total funding from VCs so far is $35 million. This groundbreaking technology not only signifies a monumental step towards combating climate change but also offers a glimpse into the future of aviation fuel, making it more sustainable and environmentally friendly. The backing by JetBlue and other significant investors underscores the potential of direct air capture technology to revolutionize our approach to reducing carbon emissions and tackling global warming head-on. For More Interesting News Follow Us on Instagram){kind=link}
One of many latest and fastest-growing weapons within the combat in opposition to international warming is know-how to take away carbon dioxide from the environment, referred to as direct air seize. Some liken it to sucking CO2 out of the environment. Nonetheless, it isn’t an ideal science, and most strategies require a number of water. That’s about to vary, with new corporations providing new methods.
Revolutionizing Direct Air Seize
Direct air seize is already a rising enterprise, and governments world wide are including to it, offering tax incentives and grants to assist spur the business ahead. Among the first companies to do it, akin to Climeworks and Carbon Seize, use large followers within the course of.
One California-based startup known as Avnos is differentiating itself by creating, reasonably than utilizing, water within the course of. “We produce versus devour water,” mentioned Will Kain, CEO of Avnos. “We do not devour any warmth, which is a serious differentiator and permits us to be less expensive, extra resource-efficient and finally extra scalable than different options within the house.” Avnos invented what it calls “hybrid direct air seize,” which makes use of a dehumidification know-how to supply roughly 5 tons of water per ton of CO2 captured. Others devour about that a lot or extra.
Turning Challenges into Alternatives
“Now we have the chance to show a price line merchandise for different types of direct air seize, in spending cash on water, to a income line merchandise, the place we will generate income by promoting the water that we produce immediately from the air,” mentioned Kain. Much like different direct air seize corporations, Avnos is benefiting from each authorities tax credit and direct funding. Critics argue direct air seize on the whole is rarely going to take away sufficient carbon to make a dent within the 50 billion tons of CO2 emissions every year, however Kain argues this is only one instrument in a decarbonization ecosystem that features renewable vitality akin to wind, photo voltaic and geothermal.
JetBlue Ventures Sees Sustainable Future
Each water and captured carbon can be utilized to make sustainable aviation gasoline. That was notably engaging to investor JetBlue Ventures, the enterprise capital arm of the airline, which invests in corporations trying to vary the journey business. “It’s not solely extra local weather pleasant, but it surely’s additionally a less expensive technique to pull carbon from the air and truly produce a feedstock for the longer term for sustainable aviation gasoline,” mentioned Amy Burr, president of JetBlue Ventures. Along with JetBlue Ventures, Avnos is backed by Shell Ventures, the Grantham Basis’s Uncared for Local weather Alternatives Fund and Rusheen Capital Administration. Whole funding from VCs thus far is $35 million.
This groundbreaking know-how not solely signifies a monumental step in direction of combating local weather change but in addition gives a glimpse into the way forward for aviation gasoline, making it extra sustainable and environmentally pleasant. The backing by JetBlue and different vital buyers underscores the potential of direct air seize know-how to revolutionize our method to decreasing carbon emissions and tackling international warming head-on.
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