Investment firm Temasek Trust supports Equatic with a funding of $11.6 million to broaden its carbon removal and green hydrogen projects.
Equatic's Seawater Electrolysis Technology Aims for Scalable Carbon Removal and Green Hydrogen Production
Equatic, a pioneering company founded in 2021, is making strides in the fight against climate change with its patented seawater electrolysis technology. This innovative technology, designed for carbon dioxide removal (CDR) and green hydrogen production, has been successfully deployed in pilot plants in Los Angeles and Singapore since 2023.
The technology works by using renewable electricity to split pumped seawater into four streams: hydrogen (green hydrogen), oxygen, acid, and base. The acid stream is neutralized with crushed rock to prevent ocean acidification, while the base stream captures atmospheric CO2. This process produces carbon-negative green hydrogen, which can replace 40% of the energy required for CDR or be sold for decarbonizing hard-to-abate sectors. Moreover, the system enables precise measurement of carbon removal, facilitating carbon credit accounting.
Equatic's technology removes CO2 99,000 times faster than ocean natural absorption, making it a significant player in the race to combat climate change. The company's expansion plans include a demonstration plant in Singapore (Equatic-1) and a 100-kiloton commercial-scale plant in Canada.
The backing by C3H, Temasek Trust's Catalytic Capital for Climate and Health, along with Kibo Invest and other investors, has accelerated engineering scale-up, commercialization, manufacturing, and further technology development. The $11.6 million Series A funding round aims to scale production and achieve durable, large-scale carbon removal coupled with green hydrogen generation.
Gaurav N. Sant, Founder and CTO of Equatic, stated that this financing catalyses Equatic's mission to deliver cost-effective and durable carbon removal at scale. This reflects a mature, rapidly advancing technology well-supported by strategic climate-focused capital, aiming for scalable climate impact via integrated carbon removal and green hydrogen production.
Equatic's achievements have been recognised, with the company named a finalist for The Earthshot Prize in 2024 and winning Temasek Foundation's The Liveability Challenge in 2021. In addition, Equatic secured S$1 million in catalytic funding from Temasek Foundation in 2021.
In conclusion, Equatic's seawater electrolysis technology presents a promising solution for carbon dioxide removal and green hydrogen production, with the potential to make a significant impact on the global fight against climate change.
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