In the dynamic world of cleantech — where new innovations seem to emerge daily — a strategic and impactful approach is required to break through the noise. Understanding this, CarbonQuest launched in 2019 with a commitment to develop an effective and reliable solution that could be seamlessly deployed to address the immediate need for decarbonization across the built environment.
Our initial years were dedicated to developing small-scale, point-source carbon capture technology, crystallizing a go-to-market plan, and strategically engaging with potential clients and partners. Following the installation of our fully commercial pilot system at 1930 Broadway, a 375,000-square-foot multifamily complex in Manhattan, we took a major step in bringing our carbon capture system to the mass market, announcing the deployment of four additional Building Carbon Capture System™ in New York City in early 2023. These projects will also support the expansion of New York City’s local carbon economy with the utilization of our recycled Sustainable CO2™.
Beyond technological milestones, CarbonQuest saw several additional corporate successes in 2023. In July, we joined Black & Veatch’s IgniteX Climate Tech Accelerator program; later in the year, we were named winner in Fortis BC’s Compact Carbon Capture Challenge, which will help us expand our presence into Canada.
Finally, in October, we unveiled a new strategic partnership with Daroga Power, charting a course to introduce cutting-edge, low-carbon fuel cells, with carbon capture included, to organizations throughout Canada and the U.S. With this new partnership, CarbonQuest’s carbon capture technology will play a crucial role in accelerating the decarbonization of the commercial and industrial (C&I) sector, with the additional benefit of selling captured CO2 to various off-takers across the U.S.
Reflecting on 2023 and setting our sights on 2024, we are excited about advancing our expansion into key sectors of the built environment that demand urgent carbon capture solutions for immediate emissions reduction. Specifically, we are building relationships within the Combined Heat and Power (CHP) industry, a sector crucial for critical infrastructure such as manufacturing facilities, campus settings, hospitals — as well as other facilities for which electrification isn’t viable. As we expand our reach into a variety of new sectors, we are also continuing to identify new carbon off-takers to ensure that our carbon capture technology is contributing to an ever-growing recycled, circular, carbon economy.
We can’t wait to share more of what’s ahead for 2024. Follow our LinkedIn page and website to stay up to date on company announcements and news about how we are driving emissions reductions and scaling CO2 utilization.