Brineworks, a climate tech startup based in the Netherlands, has successfully raised €6.8 million (approximately 250 million Baht) in a new funding round to accelerate the commercialization of its groundbreaking Direct Air Capture (DAC) technology. The round was led by SeaX Ventures, a Thai-based venture capital firm, with additional support from investors including Pale Blue Dot, First Momentum, and Energie360°.
The company also received a €1.8 million grant from the European Innovation Council (EIC) Accelerator to further its research and development.
At the core of Brineworks’ innovation is a patented electrolyzer designed to capture carbon dioxide (CO₂) from the atmosphere at an unprecedentedly low cost, while also co-producing hydrogen (H₂). Both outputs are key components for creating Sustainable Aviation Fuel (SAF) and e-methanol, offering a clear path to decarbonizing the aviation and shipping industries, which currently account for over 5% of global emissions.
Gudfinnur Sveinsson, CEO of Brineworks, stated, “We’ve built an electrolyzer that runs when the sun shines or the wind blows, and pauses when it doesn’t. We’re unlocking a dream that’s been out of reach for decades.”
Dr. Joseph Perryman, co-founder and CTO, added, “We have a clear path to capturing CO₂ directly from the air at below $100 per ton. That’s the threshold the world has been waiting for, and now the scale-up begins.”
This new capital will be used to scale the system to a pilot level, with commercial readiness targeted for late 2026.
Dr. Kid Parchariyanon, Founder and Managing Partner of SeaX Ventures, expressed confidence in the investment. “Their team is rethinking how we tackle carbon removal and clean fuel from the ground up. This investment marks an inflection point for Brineworks, and we believe they have the potential to meaningfully reduce global emissions,” he said.
The company’s technology not only offers a solution for decarbonization but also enables nations to produce their own clean fuels, fostering energy independence and a decentralized energy model for a sustainable future.
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