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Carbon Clean chosen as a 2022 BNEF Pioneer 'wildcard' winner
April 14, 2022
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3 minute read
Carbon Clean, a global leader in cost-effective carbon capture solutions, has been selected as a 2022 Bloomberg New Energy Finance (BNEF) Pioneer.
The annual awards recognise companies with game-changing technologies or innovations that have the potential to accelerate global decarbonisation and halt climate change.
Carbon Clean has been providing innovative carbon capture technology and services across a range of industries for over a decade and launched its latest fully modular industrial carbon capture technology, CycloneCC, in October 2021. CycloneCC is expected to disrupt the carbon capture sector, driving down the cost and space requirements for deployment, making the economic case undeniable for hard-to-abate industries.
For the last decade, the BNEF Pioneers award programme has identified the most impactful and original technology innovations for advancing the low-carbon economy. Finalists are judged by a panel of BNEF experts and winners must prove they offer a novel, substantial, scalable and competitive solution.
Carbon Clean is a winner in the ‘wildcard’ category – for companies addressing a global net zero challenge that lies outside the scope of the three categories chosen this year: providing round-the-clock zero-emissions power, scaling long-term carbon removal technologies, and decarbonising aviation.
Aniruddha Sharma, Co-founder and CEO of Carbon Clean, said:
“It’s an honour to be selected as a 2022 BNEF Pioneer winner – this recognition highlights the critical role carbon capture technologies will play in transitioning to a net zero world. Carbon Clean is revolutionising the industrial decarbonisation space for essential hard-to-abate industries such as cement, steel, refineries and energy from waste. Our latest breakthrough product, CycloneCC, reduces the size of carbon capture technology by 10 times and physical footprint by five times. Inclusion in the programme reinforces the impact we’re making to enable the capturing of 1 billion tonnes of CO2.”
Carbon Clean’s intention is to mass produce CycloneCC units to meet global demand and deliver the huge increase in the scale and pace of CCUS adoption across industry that is required to reach net zero. The company has already amassed an impressive list of industry-leading technology deployment partners, including CEMEX, Chevron and Veolia.
Claire Curry, Selection Committee Co-chair and Global Head of Technology, Industry & Innovation Research at BloombergNEF, commented:
“We are cognizant of how essential new technologies are for tackling climate change, and how hard it is to scale innovation. Since 2010, this award has been a positive influence on climate-tech innovation, and we believe it is now more urgent than ever to highlight the technology gaps to reaching net zero and the entrepreneurs addressing them.”
Ends
Carbon Clean
For media enquiries please contact:
Email: press@carbonclean.com / carbonclean@kekstcnc.com
Notes to editors
1. Carbon Clean’s Co-founder and CEO, Aniruddha Sharma, and CCO, Iain Tobin, will be at the BNEF Summit in New York, 19-20 April 2022. For interviews, please contact press@carbonclean.com or call +1 301 518 28072. Carbon Clean is one of 12 BNEF Pioneer 2022 winners. There were over 270 applications from 27 countries and 23 companies were shortlisted. Applicants were judged on three fundamental criteria:
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- Potential impact
- Innovation
- Likelihood of adoption
About Carbon Clean
Carbon Clean is a global leader in carbon capture solutions for hard-to-abate industries such as cement, steel, refineries and energy from waste. The company’s patented technology significantly reduces the costs of carbon capture when compared to conventional solutions.
The company is leading innovation in the CCUS market and has developed a fully modular technology – CycloneCC™ – that is set to disrupt the sector. The company’s solutions will help deliver the necessary scaling up of carbon capture to achieve global net zero targets. The technology has been proven at scale in over 44 sites around the world, including plants in the UK, U.S., Japan, Germany, India, Norway and the Netherlands. It has delivered the world’s largest industrial-scale carbon capture and utilisation plant for Tuticorin Alkali Chemicals & Fertilizers Ltd, India.
The UK-based company has received funding and grant support from the British and U.S. governments and has established partnerships with industry leaders including CEMEX and Veolia. It is also an investor in the Swedish eMethanol shipping fuel company, Liquid Wind.
Carbon Clean is a 2022 BNEF Pioneer winner, has been a Global Cleantech 100 company three times (most recently in 2022), features in the inaugural PwC Net Zero Future50 and was chosen as one of CEMEX Ventures’ Top50 ConTech Startups.
For further information: www.carbonclean.com
