Skip to content
Subscriber Only
Green
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

Trump Undermines Mercury Curbs In Move That Could End Mandate
Photographer: Dane Rhys/Bloomberg
By

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.