We are excited to announce our selection as participants in Newlab’s U.S Department of Energy funded program in Louisiana, focused on commercialising innovative carbon management and clean hydrogen technologies. Newlab, in conjunction with Greater New Orleans, Inc. – GNO, Inc., Shell, Carbonvert, Battelle and Louisiana State University, are aligning local and industrial stakeholders. Our goal: develop and deploy our first demonstration project in Louisiana. We expect the strategic partnerships to provide economic benefits to Louisiana while tapping into the region’s incredible expertise in industrial operations. These factors will ensure we grow our operations safely and efficiently. As we commercialise our process, we also begin the important work of decoupling Louisiana’s economy from the highly polluting industries of the past. According to Newlab, "Louisiana’s rich energy legacy, combined with its strategic infrastructure and workforce, makes it the perfect place for transformative energy initiatives." We are joined on this exciting journey by eight other innovative startups: Airhive, arculus, Banyu Carbon, Encore CO², Mantel, Molten Industries, RepAir Carbon Capture, and Vaulted Deep. To read the full article, follow the link: https://lnkd.in/dyX9r_h6 #DirectAirCapture #Climateaction #Innovation #Hydrogen #Sustainability #CleanTech #ParallelCarbon
Parallel Carbon
Renewable Energy Semiconductor Manufacturing
Removing and Reducing Carbon, in Parallel Affordable Direct Air Carbon Capture and Clean Hydrogen Technologies
About us
At Parallel Carbon, we're on a mission to halt climate change through innovative solutions. Our technology combines Direct Air Capture (DAC) and Water Electrolysis processes, harnessing solar and wind power to remove carbon from the atmosphere and produce clean hydrogen affordably. With a commitment to sustainability, by 2030 we will capture carbon for under $100 per ton and generate clean hydrogen for $1 per kilogram. Embracing a dual process — ancient geochemistry coupled with modern electrochemistry — we're doubling our efforts against climate change.
- Website
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http://www.parallelcarbon.com
External link for Parallel Carbon
- Industry
- Renewable Energy Semiconductor Manufacturing
- Company size
- 2-10 employees
- Headquarters
- Manchester
- Type
- Public Company
- Founded
- 2021
- Specialties
- Carbon dioxide removal, Net-zero, Climatetech, CCUS, Direct air capture, Hydrogen Production, Hydrogen, and Carbon Credits
Locations
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Primary
Manchester, GB
Employees at Parallel Carbon
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Tom Harding
Emerging Tech Commercialization, Strategy & Partnerships. Parallel Carbon | WLG | past: Samsung, Thomson Reuters, WPP
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Aranzazu Carmona Orbezo
Founder / CTO @ Parallel Carbon Limited | Chemical Engineering, Process Engineering
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Ryan Anderson
Founder, CEO of Parallel Carbon
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Fortune Ohaegbulam, CFE
Operations Specialist | Business Analyst | Sustainability Analyst
Updates
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Parallel Carbon reposted this
Igniting innovation. 🔥🧠 We recently held the 2024 showcase event for our U.S. Department of Energy (DOE) EPIC Prize-recognized IgniteX #Startup Accelerator Program. The event gave our six startups the opportunity to explain their work in the #CarbonDioxide removal space, offering a platform for dialogue, collaboration and actionable insights. Held in conjunction with the 2024 Carbon Management Research Project Review Meeting, this was one of the largest gatherings of experts, #ThoughtLeaders, and industry professionals interested in carbon removal, capture, conversion and transport and storage.
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Parallel Carbon reposted this
Igniting innovation. 🔥🧠 Black & Veatch recently held the 2024 showcase event for our U.S. Department of Energy (DOE) EPIC Prize-recognized IgniteX #Startup Accelerator Program. The event gave our six startups the opportunity to explain their work in the #CarbonDioxide removal space, offering a platform for dialogue, collaboration and actionable insights. Held in conjunction with the 2024 Carbon Management Research Project Review Meeting, this was one of the largest gatherings of experts, #ThoughtLeaders, and industry professionals interested in carbon removal, capture, conversion and transport and storage.
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Parallel Carbon reposted this
Rumbo Ventures is thrilled to present our 2023 Pilot Fund #ImpactReport 2023 was a busy year for Rumbo. We set up and kicked off the hard work right away. Fast forward one year & 20 investments later, we're extremely happy to share how our Portfolio Companies are catalyzing significant #ClimateTech innovations. We are committed to funding real-world solutions to decarbonize our planet and to stay on track, we monitored our results. Dive into the #Impact Framework we developed and see how each investment contributes towards our goals. What’s inside? In a nutshell: A comprehensive look at our standout Climate tech #investments and their achievements. Key data and metrics: - How our portfolio companies are making a tangible difference in the fight against climate change. - Success stories: Inspiring case studies of startups & founders leading the way towards a greener future. Why it matters? Creating and sharing this report is essential for: - Transparency and accountability: We want to better understand and communicate the impact of our investments. - Continuous improvement: Reporting allows us to assess and refine our Impact strategy and approach. - Collaboration: We believe in learning and growing together with feedback from our community. The road ahead Measuring impact across a diverse climate tech portfolio is tough. Even more so at an early stage. Please share any feedback and join us to build a more sustainable & equitable future. Companies BioEsol | Carmina Care | cellva | Cultivo | Einsted.bio | Hoop Carpool | LISUS | Woltea | Nilus | Parallel Carbon | Thalasso AS | Zero Waste Co. Check out the full report: https://lnkd.in/eHxUYDQr #ImpactReport2023 #Sustainability #ClimateTech #RumboVentures #ImpactInvesting #Innovation
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Recently, our Founder and CEO, Ryan Anderson, participated as a guest in a webinar titled ‘Investment Opportunities in new Direct Air Capture technology,’ hosted by Decarb Connect and Carbon Capture Journal Ltd. Ryan provided bespoke insights into our integrated DAC and hydrogen production technology, along with the value proposition that makes our company a standout investment opportunity. He was joined on the webinar by other DAC companies also working on innovative solutions: Airhive, Greenlyte Carbon Technologies, and RepAir Carbon Capture To watch the recording, kindly follow the link: https://lnkd.in/eEdX5D2d #DirectAirCapture #Climateaction #Innovation #Hydrogen #Sustainability #CleanTech #ParallelCarbon
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Parallel Carbon reposted this
We're growing our R&D and engineering team in Manchester, UK! Apply or reach out if you want to join this wave of #hiring at Parallel Carbon. Are you doing university or corporate research related to water #electrolysis or #carboncapture? Let us know – we'd love to collaborate! Teamwork makes the dream work! Come help us #scale high-impact #climatetech.
Over the coming decades, we will remove atmospheric CO2 at the gigaton scale; all that is missing is *you*. Join us to accelerate climate action! Come reduce and remove emissions, in parallel. We are hiring the following positions: - Associate Process Chemist - Associate Electrochemist - Carbon Capture Engineer More details on the roles and the application process: https://lnkd.in/e2hV-Juq #hiring #carbonremoval #stopclimatechange #climateaction #chemicalengineer #industrialchemist #electrochemist #carboncapture #nowhiring
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Over the coming decades, we will remove atmospheric CO2 at the gigaton scale; all that is missing is *you*. Join us to accelerate climate action! Come reduce and remove emissions, in parallel. We are hiring the following positions: - Associate Process Chemist - Associate Electrochemist - Carbon Capture Engineer More details on the roles and the application process: https://lnkd.in/e2hV-Juq #hiring #carbonremoval #stopclimatechange #climateaction #chemicalengineer #industrialchemist #electrochemist #carboncapture #nowhiring
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🚀 We’re happy to announce that Parallel Carbon was selected for Black & Veatch’s IgniteX CDR program, backed by the U.S. Department of Energy. 👷♀️ Black and Veatch is among the largest and well-regarded EPC firms in the world and has 100+ years of experience building critical global infrastructure. Their massive portfolio of #hydrogen and #carboncapture projects means we’ll be supported by incredible insights and expertise from decades of hands-on industrial development. ⚡ Over the next 12-weeks, we’ll work with Black and Veatch to prepare for our demonstration scale #DAC+#H2 facility. We’re combining Parallel Carbon’s technology and Black and Veatch’s expertise to solve the complex challenge of delivering continuous DAC CO2 and clean H2 from intermittent renewable power. These efforts are the next step toward scaling our affordable process for #carbonnegative fuel and chemical production. 🌎 The IgniteX program puts us in good company with a cohort of other mission-aligned startups including Ebb Carbon, Heimdal, Holocene, Aeon Blue, and Elysia. We’re excited to share our results in August at the NETL Carbon Management conference in Pittsburg. Hope to see you there!
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Parallel Carbon reposted this
📰 We are back with another edition of "This Week in CDR" - a weekly round-up of the top news and developments from the world of durable carbon removal! 🛠️ From the world's first DAC manufacturing facility 🌊 To the first-ever protocol in Ocean Alkalinity Enhancement 📅 This has been yet another eventful week in CDR 📣 This week's edition features: ➡️ CarbonCapture Inc. ➡️ Babcock & Wilcox ➡️ The State of CDR ➡️ ecoLocked | Matterwave Ventures | Climentum Capital ➡️ B.C. Centre for Innovation and Clean Energy (CICE) | Planetary | Coastal Carbon ➡️ Carbonx Climate ➡️ Black & Veatch ➡️ Planboo | Puro.earth ➡️ Isometric ➡️ Climeworks 🔍 Read on to learn more. 🚀 Huge congratulations to all teams selected by Black & Veatch for this year's IgniteX CDR Accelerator: Aeon Blue, Ebb Carbon, Elysia, Heimdal, Holocene, and Parallel Carbon. 🔬 A quick reminder that the CDRjobs survey, which is the first of its kind on salaries in the CDR industry, is open until June 23. Help bring clear, tangible, and transparent salary data in CDR using the link in the comments for a short anonymous survey! ✅ Join over 300 companies and sign up for the Portal to gain durable CDR market insights, showcase your company’s profile and progress, and get on the CDR map: https://lnkd.in/gzWASYJ6
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Parallel Carbon reposted this
I went to two CDR panels in two days this week, and these were my top takeaways: o There's a 10 billion tonne gap. We need to remove GHGs from the atmosphere by 10 billion tonnes and *nobody* knows how we're going to do it. Our best bets and plans and pipedreams are still billions short. o There's a second gap in carbon transportation. As in, most of the focus is on capturing or removing CO2, and then finding a way to use it or store it long term. There's gap in the middle, getting it from one place to another. If I was starting Carbon13's cohort in September, I'd be looking at this. o That and how to use the ocean to store carbon, including MRV: measurement, reporting, verification. It's got the biggest potential because it's so huge, but it's so incredibly difficult to measure and understand. o Another gap: capturing greenhouse gases which aren't CO2. (Carbon13 has two, Bluemethane and Climate-i, capturing methane and preventing fluorinated gas leaks respectively) o Any CDR startup needs a better business model than just selling credits. Credits aren't enough to fund CDR right now. You need other revenue streams. o To drive funding to CDR, we need to eliminate risk and make it a boring investment that drives 3% and lots of naps for investors. Answers on a postcard please. o The profile of the founders in CDR - often "non-traditional", often older, and with a broad skillset in the team and first hires - because CDR often encompasses so many disciplines. You need the commercial and commercialisation expertise in early, not just the technical. Thanks for the insights go to Counteract's Richard Barker and Andy Bonsall, Parallel Carbon's Aranzazu Carmona Orbezo, Michael Leonard and others. #cdr #ghgs #dac #naturebasedsolutions #carboncapture