• Scaling Innovation: New funding will expand CarbonQuest’s Distributed Carbon Capture™ technology across North America.
• Market Versatility: Targeting diverse sectors, including utilities, manufacturing, and data centers.
• Rapid Growth: Proven technology and strong investor backing set the stage for accelerated deployment.

CarbonQuest, a leader in distributed carbon capture technology, has closed a $20 million funding round led by Riverbend Energy Group, with significant contributions from Energy Capital Ventures (ECV) and Aligned Climate Capital. The capital will accelerate the deployment of its Distributed Carbon Capture™ technology and enhance talent acquisition.

Why it matters:

CarbonQuest aims to achieve the lowest cost per ton in the carbon capture industry while improving system efficiency. The company plans to address markets reliant on onsite power or CO2 reuse, leveraging insights from six successful commercial deployments.

“This investment will accelerate our scaling efforts, allow us to hire more talent, and support the development of a diverse base of projects,” said Shane Johnson, CEO of CarbonQuest.

Strategic Backing:

Riverbend, ECV, and Aligned Climate Capital see distributed carbon capture as a critical, underfunded segment of the carbon capture, utilization, and storage (CCUS) market. Their investments highlight the need for economically viable decarbonization solutions and reinforce CarbonQuest’s position as a market leader.

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“CarbonQuest brings a stellar team and a critical decarbonization solution to a wide range of industries,” noted Vic Pascucci, Managing General Partner at Energy Capital Ventures.

Future Vision:

CarbonQuest is advancing modular, solid-sorbent-based solutions, which offer flexibility and a smaller footprint. These technologies align well with the increasing demand for onsite power across multiple market segments.

“CarbonQuest’s proven technology is already serving these customers, and our investment will help the company scale further, faster,” added Peter Davidson, CEO of Aligned Climate Capital.

What’s next:

CarbonQuest is pursuing additional partnerships to accelerate emissions reductions, including a Memorandum of Understanding with Carbfix to explore carbon capture and mineralization opportunities.

“We see an amazing future for CarbonQuest and its ability to accelerate growth,” said Joe Passanante, Managing Director at Riverbend.

CarbonQuest’s strong market positioning and innovative technology are setting new benchmarks in the carbon capture industry, offering a scalable and efficient path toward decarbonization.

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