Climeworks has passed a major funding milestone with US$1bn now raised to accelerate the commercial deployment of its energy-intensive carbon removal technology. Backing global companies like SAP, TikTok, Morgan Stanley and British Airways, the company is bringing high-efficiency carbon removal to the forefront of energy innovation. The Swiss startup, founded in 2009 by Jan Wurzbacher and Christoph Gebald, is best known for developing Direct Air Capture (DAC) — a process that filters carbon dioxide (CO₂) directly from ambient air. While the approach requires substantial energy input, it offers the potential to permanently remove carbon from the atmosphere when paired with long-term storage. Christoph Gebald, Co-CEO and Co-Founder of Climeworks, sees this moment as pivotal: “Direct Air Capture has gone from experiment to essential – and we’re focused on scaling it by driving down costs and pushing innovation. Our hybrid model builds long-term demand while generating cash flow today, helping us grow a market that investors now see as inevitable. Crossing the US$1bn equity mark isn’t just a milestone – it shows that carbon removal is real, needed and here to stay.” What makes Climeworks stand out in the sustainable energy space is its capacity to use energy not to generate power, but to remove the carbon that conventional energy systems have already emitted. This flips the conventional narrative of energy tech from supply to clean-up — an inversion that is attracting climate-conscious firms.

Full report : Climeworks gets US$1billion in funding to expand its energy-intensive Direct Air Capture technology.