![Pinterest](https://pinterest.com/pin/create/button/?url=https://xperttimes.com/jetblue-invests-in-avnos-for-revolutionary-carbon-seize-tech-promising-sustainable-aviation-gasoline/&media=https://xperttimes.com/wp-content/uploads/2024/03/JetBlue-Invests-in-Avnos-for-Revolutionary-Carbon-Capture-Tech-Promising.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 CaptureDirect 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. "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.Attracting Major InvestmentSimilar 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.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.Future Implications and ImpactIn 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 significant investment underscores the confidence in Avnos's technology and its potential to revolutionize the way we approach carbon capture and sustainability in aviation and beyond.As the world continues to seek solutions for reducing carbon emissions and combating climate change, technologies like those developed by Avnos could play a crucial role. With the backing of major companies like JetBlue, this startup is poised to make a significant impact in the fight against global warming, demonstrating the potential for innovative solutions to pave the way for a more sustainable future. For More Interesting News Follow Us on Instagram){kind=link}
One of many latest and fastest-growing weapons within the combat in opposition to world warming is expertise to take away carbon dioxide from the environment, generally known as direct air seize. Some liken it to sucking CO2 out of the environment.
Nonetheless, it is not an ideal science, and most strategies require a whole lot of water. That’s about to alter, 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, comparable 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 eat water,” mentioned Will Kain, CEO of Avnos. “We do not eat any warmth, which is a serious differentiator and permits us to be cheaper, extra resource-efficient and in the end extra scalable than different options within the area.”
Avnos invented what it calls “hybrid direct air seize,” which makes use of a dehumidification expertise to supply roughly 5 tons of water per ton of CO2 captured. Others eat about that a lot or extra. “We’ve got 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 straight from the air,” mentioned Kain.
Attracting Main Funding
Just like different direct air seize corporations, Avnos is benefiting from each authorities tax credit and direct funding. Critics argue direct air seize normally isn’t 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 software in a decarbonization ecosystem that features renewable vitality comparable to wind, photo voltaic and geothermal.
Each water and captured carbon can be utilized to make sustainable aviation gas. That was notably engaging to investor JetBlue Ventures, the enterprise capital arm of the airline, which invests in corporations trying to alter the journey business. “It’s not solely extra local weather pleasant, but it surely’s additionally a less expensive method to pull carbon from the air and really produce a feedstock for the longer term for sustainable aviation gas,” mentioned Amy Burr, president of JetBlue Ventures.
Future Implications and Influence
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 vital funding underscores the arrogance in Avnos’s expertise and its potential to revolutionize the best way we method carbon seize and sustainability in aviation and past.
Because the world continues to hunt options for decreasing carbon emissions and combating local weather change, applied sciences like these developed by Avnos may play an important function. With the backing of main corporations like JetBlue, this startup is poised to make a major impression within the combat in opposition to world warming, demonstrating the potential for modern options to pave the best way for a extra sustainable future.
For Extra Attention-grabbing Information Comply with Us on Instagram