Funding obtained by Equatic for US$11.6 million in Series A round, aimed at strengthening carbon capture technology and increasing green hydrogen production.
Equatic, a pioneering climate tech company specializing in carbon dioxide removal (CDR) and green hydrogen production, has successfully closed a $11.6 million Series A funding round. The round was led by Temasek Trust’s Catalytic Capital for Climate and Health (C3H) and co-led by Kibo Invest, with participation from other investors [1][4][5].
The funds will be used to accelerate the engineering scale-up and commercialization of Equatic's patented seawater electrolysis technology. This unique process combines CDR with the production of carbon-negative green hydrogen [1][2][4][5].
Equatic's technology works by pumping seawater into an onshore plant and using renewable electricity to split the seawater into four streams: hydrogen, oxygen, acid, and base. The acid stream is neutralized with crushed rock to prevent ocean acidification, while the base stream absorbs CO2 from the air, enabling rapid and permanent carbon removal. The discharged seawater contains residual dissolved and solid inorganic carbon, further sequestering CO2 [1][2][4]. The green hydrogen produced can replace about 40% of the energy needed for carbon removal or be sold to decarbonize hard-to-abate industries like steel and cement [2][3].
Since launching operations in 2023, Equatic has successfully piloted this technology in Los Angeles and Singapore and is expanding with a demonstration plant in Singapore (Equatic-1) and a commercial-scale facility planned in Canada [1][2][4][5]. Their technology has been recognized for its high-quality, permanent carbon credits with rigorous Monitoring, Reporting, and Verification (MRV) practices compliant with ISO-14064 standards [3][4][5]. Equatic also achieved notable recognitions including being a U.S. Department of Energy CDR Purchase Prize semifinalist and a finalist for The Earthshot Prize in 2024 [4].
The funding round led by C3H and Kibo Invest reflects strong investor confidence aimed at scaling Equatic’s innovative green hydrogen and ocean-based carbon removal technology that simultaneously delivers cost-effective, durable climate mitigation and clean energy production [4][5]. The dual revenue streams from hydrogen sales and carbon removal credits have attracted corporate clients such as Boeing [3].
Kibo Invest, an investment office focused on driving innovation and sustainable returns, also participated in Equatic's Series A funding round. C3H focuses on investing in innovative, early-stage companies that deliver tangible impact through bold, scalable solutions. Their activities are anchored by Temasek Trust's impact areas of Planet, People, Peace, and Progress [2][4][5].
With this funding, Equatic is poised to make significant strides in its mission to combat climate change and provide a sustainable, scalable solution for green hydrogen production. The company's commitment to high-integrity carbon removal is underscored by its adoption of an ISO-14064 standard for MRV, and its ability to issue high-quality CDR credits under Isometric and Puro.earth registries [1][2][4].
- Equatic's patented seawater electrolysis technology, specialized in carbon dioxide removal (CDR) and green hydrogen production, has secured $11.6 million in Series A funding led by Temasek Trust’s Catalytic Capital for Climate and Health (C3H) and co-led by Kibo Invest.
- The innovation combines CDR with the production of carbon-negative green hydrogen, an approach that has attracted corporate clients such as Boeing due to its potential to replace 40% of the energy needed for carbon removal.
- The funds will be utilized to accelerate the engineering scale-up and commercialization of Equatic's groundbreaking technology, with a demonstration plant in Singapore (Equatic-1) and a commercial-scale facility planned in Canada.
- The technological advancements in both green hydrogen production and ocean-based carbon removal have been recognized for their high-quality, permanent carbon credits, compliant with ISO-14064 standards, further solidifying Equatic's position in the climate tech field.
- Kibo Invest, an investment office emphasizing innovation and sustainable returns, and C3H, focusing on impactful early-stage companies, demonstrate strong investor confidence in Equatic’s promising business model, which delivers dual revenue streams from hydrogen sales and carbon removal credits.
