Equatic, a California-based innovator in combined carbon dioxide removal (CDR) and green hydrogen production, has secured $11.6 million in Series A funding. The round was led by Catalytic Capital for Climate and Health (C3H), a Temasek Trust vehicle, with participation from Kibo Invest, a Singapore-based climate technology investor, and a consortium of global investors. This capital infusion will accelerate the engineering scale-up and commercialization of Equatic’s patented seawater electrolysis technology, supporting the development of its first 100-kilotonne CDR commercial facility.
Equatic’s proprietary technology captures atmospheric carbon dioxide and produces green hydrogen in a single, scalable process, addressing two critical net-zero pathways. “This investment marks a pivotal moment for Equatic, enabling us to significantly scale our production capabilities and accelerate our mission to deliver durable carbon removal at scale,” said Gaurav N. Sant, founder and chief technology officer for Equatic. The Temasek Trust ecosystem has been a foundational partner, with early-stage philanthropic backing from Temasek Foundation and catalytic investment through C3H. Kibo Invest’s co-leadership underscores their commitment to revolutionizing industries and addressing urgent climate challenges.
Lord John Browne, chairman of Equatic’s advisory board, emphasized the need for innovative carbon management technologies to mitigate climate change. “By removing carbon dioxide and simultaneously generating green hydrogen, Equatic’s solution provides unique advantages in terms of cost and scalability,” he said. Ryan Tan, head of C3H, echoed this sentiment, highlighting Equatic’s alignment with C3H’s mandate for bold and scalable innovation. James Marshall, CEO of Kibo Invest, noted the opportunity to scale deep-tech innovation addressing decarbonization and clean energy.
Since its inception in 2023, Equatic has deployed its technology at two pilot plants in Los Angeles and Singapore. The company is expanding operations with a demonstration plant in Singapore (Equatic-1) and a commercial-scale plant in Canada. In May 2024, Equatic was recognized as a CDR Purchase Prize semifinalist by the U.S. Department of Energy, acknowledging its high-quality, permanent carbon credits and rigorous Monitoring, Reporting, and Verification (MRV) practices. In September 2024, Equatic announced a significant climate breakthrough with the U.S. manufacture of oxygen-selective anodes, unlocking scalable hydrogen production through direct seawater electrolysis. That same month, Equatic was named a finalist for The Earthshot Prize, a prestigious international recognition for groundbreaking solutions to repair the planet.
Equatic’s commitment to high-integrity carbon removal is underscored by its adoption of an ISO-14064 standard for MRV, validated by leading carbon removal registries Isometric and Puro.earth. This makes Equatic one of the few marine companies capable of issuing high-quality CDR credits under either registry, with full transparency and auditability. Buyers of Equatic’s CDR credits include Boeing and other large industrial companies committed to market-based mechanisms for decarbonization.
This funding round and the rapid advancements in Equatic’s technology could significantly shape the future of the energy and climate sectors. By combining carbon removal with green hydrogen production, Equatic’s approach offers a dual solution that could accelerate the transition to a net-zero economy. The successful scale-up and commercialization of this technology could set a new benchmark for carbon management and hydrogen production, potentially influencing policy, investment, and technological development in the sector. As the world seeks innovative solutions to combat climate change, Equatic’s progress serves as a testament to the power of combining cutting-edge technology with strategic investment.