Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on innovative solutions for the energy industry. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, you will discover 5 promising CCUS solutions.
Heat Map: 5 Top Carbon Capture Storage & Utilization Solutions
Using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally, we looked at innovation in the field of oil & gas (O&G). For this research, we identified 145 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & scaleups developing carbon capture, utilization & storage solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 145 companies we analyzed for this specific topic.
Carbon Infinity – Direct Air Capture (DAC)
Direct air capture is a technology that captures CO2 from the atmosphere. In solid DAC, solid sorbent filters chemically bind with CO2. The filters are then heated to release concentrated CO2, which is captured for storage or further use. DAC will help companies by eliminating the need for long-distance CO2 transportation, reducing land and water usage, and mitigate the effects of climate change.
Carbon Infinity is a Chinese startup that provides carbon-neutral fuels and industrial products using DAC technology. After capturing, atmospheric CO2 serves as a feedstock for the development of valuable carbon-based products. The startup’s solutions include synthetic fuels, carbon nanotubes, enriched concrete, and discharge air controllers, as well as solutions for heating, ventilating, and air-conditioning (HVAC). Carbon Infinity reuses CO2 present in the atmosphere instead of releasing carbon from fossil fuels, enabling net-zero carbon systems.
Silicon Microgravity – CO2 Sequestration Monitoring
Leakage at injection locations or subsurface conditions results in carbon dioxide being released back into the atmosphere. Detecting leaks is vital to put an end to them, as well as to quantify the amount of leaked carbon. To quantify the amount of carbon dioxide released, should a leak occur or to closely watch stored CO2, several methods monitor both the surface and subsurface levels using seismic monitoring & InSAR satellites.
Silicon Microgravity is a British startup that develops technology to improve surveillance, appraisal, and production of O&G. The startup uses accelerometers and gyro meters to provide near-real-time borehole microgravity measurements. The solution resolves the dynamic advance of CO2 plume fronts and changes in fluids in the storage reservoir. The startup also offers saturation mapping and monitoring, flood front prediction and monitoring, 4D seismic and gravity monitoring, mapping salt domes, and permanent in-hole monitoring. The startup’s solutions offer a cost-effective alternative to the volumetric definition provided by currently available seismic surveys.
Industrial Climate Solutions – Regenerative Froth Contactor (RFC)
RFC is an innovative gas/liquid and three-phase contactor/reactor technology. It finds applications in O&G, fine chemicals, pharma, and cement production. High turbulence offered by RFC eliminates the fouling, particulate loading, and diffusion limit of gas. RFC is also highly efficient in mass transfer and process productivity. The RFC technology helps in significant weight, space, and cost reductions for post-combustion CO2 capture applications.
Industrial Climate Solutions is a Canadian scaleup developing a post-combustion CO2 capture technology for use in regional industrial emissions management systems. The scaleup’s patented Pulse-Enhanced Regenerative Froth Contactor efficiently captures CO2 from the industrial processes emissions, scrubbing, and continuous-throughput chemical reactors. The startup’s RFC provides high efficiency and capacity and saves costs for post-combustion CO2 capture for energy & chemical companies.
TerraCOH – CO2 Plume Geothermal (CPG) Technology
CO2 plume geothermal technology involves capturing the CO2 from waste emissions using carbon capture technology and injecting it into natural, highly permeable geologic formations to extract energy. CPG exhibited more reservoir temperature than the conventional engineered geothermal systems (EGS). Adding to the economic feasibility of carbon dioxide sequestration, startups generate electricity in conjunction with CCUS.
TerraCOH is a US-based scaleup offering expertise in geothermal engineering systems. The startup’s proprietary CPG technology aids environment-focused and energy companies to safely store CO2 underground in addition to producing energy from CO2. The solution enables the customers to save on both capital (CapEx) and operating (OPEX) expenditures. TerraCOH also offers services that include an earth battery, as well as reservoir management, and CCUS applications.
Carbon Upcycling Technologies – Carbon Upcycling
Carbon upcycling chemically absorbs and stabilizes CO2 in the presence of low-cost powders, like fly ash and graphite, and converts them into useful products. Some high valued products are bioplastics, concrete mixings, corrosion coatings, paints, nanoparticles. Carbon upcycling supports building a more sustainable future, reducing the carbon footprint by transforming the products that are a part of our daily lives into high-performance products. By utilizing the carbon in a sustainable manner, carbon cycling solutions also promote the circular economy.
Carbon Upcycling Technologies (CUT) is a Canadian scaleup that provides carbon upcycling solutions. CUT designs reactors of various types and sizes that treat materials using its patented Mechanically Assisted Chemical Exfoliation (MACE) process. The scaleup’s reactors range from 50 grams to 8 tonnes. The scaleup also creates CO2-derived products such as concrete, plastics, and anti-corrosion coating.
What about the other 140 solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence and enable you to achieve your goals faster. The 5 CCUS solutions showcased above are promising examples out of 145 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.