Investment firm Temasek Trust's Catalytic Capital for Climate and Health leads $11.6 million Series A funding for Equatic, aimed at increasing marine carbon removal and green hydrogen production capabilities.
Equatic, a carbon removal company based in Singapore, has announced the successful completion of a $11.6 million Series A funding round. The investment was led by Catalytic Capital for Climate and Health (C3H), a catalytic vehicle by Temasek Trust, and co-led by Kibo Invest, a Singapore-based private investment office.
Equatic's technology, which has been validated through pilots in Los Angeles and Singapore, removes carbon dioxide from the atmosphere and produces green hydrogen in a single, scalable process. This unique approach integrates carbon capture from the atmosphere with hydrogen production in a single process, a feat that has garnered strong commercial interest.
The company has adopted ISO-14064 standards for Monitoring, Reporting, and Verification (MRV), and is able to issue high-quality carbon dioxide removal (CDR) credits under two leading carbon removal registries, Isometric and Puro.earth. This makes Equatic one of the only marine companies capable of issuing transparent, high-quality CDR credits audited under these widely recognized registries.
C3H's investment in Equatic reflects rising momentum for scalable climate mitigation solutions, fueled by converging factors like science-driven innovation and public-private-philanthropic partnerships. James Marshall, CEO of Kibo Invest, stated that Equatic represents an exciting opportunity to scale deep-tech innovation that addresses decarbonisation and clean energy needs.
The Series A financing will support the engineering of Equatic's first 100-kilotonne CDR commercial facility, as well as further commercialization, manufacturing, and technological development. Equatic sells high-integrity CDR credits and green hydrogen to global buyers, contributing to decarbonization and clean energy supply chains at scale.
Equatic's journey has been shaped by the support of multiple mission-aligned partners. In 2021, the company won The Liveability Challenge and was named a finalist for The Earthshot Prize in 2024. Equatic activates and amplifies the ocean's inherent ability to absorb and store massive amounts of carbon dioxide, making a significant impact on climate mitigation.
Ryan Tan, Head of C3H, stated that Equatic's technology aligns with C3H's mandate to advance promising climate mitigation solutions. Gaurav N. Sant, Founder and Chief Technology Officer of Equatic, stated that the financing catalyzes Equatic's mission to deliver cost-effective and durable carbon removal at scale.
Equatic works with industry pioneers, national agencies, and government leaders to scale climate solutions. The company's patented seawater electrolysis process has been successfully demonstrated in pilot projects in major global hubs, proving its capability to simultaneously accelerate ocean carbon dioxide removal and produce carbon-negative green hydrogen in a scalable way.
[1] Equatic Press Release, [Date], [Link] [2] Catalytic Capital for Climate and Health Press Release, [Date], [Link] [3] Kibo Invest Press Release, [Date], [Link]
- Equatic's carbon removal technology, proven through pilots in Los Angeles and Singapore, integrates carbon capture with hydrogen production, attracting commercial interest due to its unique, scalable process.
- The company, Equatic, follows ISO-14064 standards for Monitoring, Reporting, and Verification (MRV), enabling it to issue high-quality carbon dioxide removal (CDR) credits under Isometric and Puro.earth registries.
- The successful completion of Equatic's $11.6 million Series A funding round was led by Catalytic Capital for Climate and Health (C3H) and co-led by Kibo Invest.
- C3H's investment in Equatic underscores the growing demand for scalable climate change solutions, driven by factors such as science-driven innovation and partnerships across public, private, and philanthropic sectors.
- Funds from the Series A financing will be used to engineer Equatic's first 100-kilotonne CDR commercial facility, further its commercialization, manufacturing, and technological development.
- Equatic sells high-quality CDR credits and green hydrogen to global buyers, contributing to the decarbonization and clean energy supply chains at scale.
- The company's mission to deliver cost-effective and durable carbon removal at scale has been catalyzed by the Series A financing, aligning with C3H's mandate to advance promising climate change solutions.
