Carbon Management

From CO2 to power: One-step carbon capture and conversion for clean electricity generation

THE PROBLEM

Energy security and climate change are two of the defining challenges of our time. As global demand for energy continues to rise, the need for reliable, scalable, and profitable climate technology to mitigate greenhouse gas emissions has never been more urgent. These technologies also have tremendous economic potential.

The global CO2 capture, utilization, and storage market has a $3 billion potential, with a CAGR of 12%. While some early technologies aim to assist the carbon mitigation needs of large industrial emitters, there is still a need for novel, low-cost, highly scalable, and profitable solutions. Grid-scale energy storage is one of the fastest-growing technology segments worldwide, with a CAGR of 18% and an annual (2024) market size of $41 billion. Combined and profitable solutions to these problems could have a transformative impact on the planet and the lives of future generations.

THE SOLUTION

Developing a one-step CO2 capture and conversion process for clean electricity generation in fuel cells and batteries.

Agora Energy Technologies is developing a new technology that combines CO2 capture and conversion in one unit to produce high-energy density chemicals and hydrogen, which can be utilized in fuel cells for electricity generation. Repurposing CO2 waste to produce highly coveted electricity is a novel alternative approach to energy generation.

CICE funding supports the design, build, and testing of a pilot-scale reductive capture and conversion column. Once scaled, this technology has the potential to decarbonize heavy CO2 industrial emitters across the cement, steel, petrochemical, ammonia industries, and coal-fired power plants. 

Such projects are capital-intensive, and the financial support from CICE will enable company growth and accelerate commercial deployment. 

PROJECT STATUS
Active
PROJECT CATEGORY
Carbon Management
FUNDING RECIPIENT
Agora Energy Technologies
CICE FUNDING AMOUNT
$433,746
PROJECT VALUE
$1,971,573

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  • "Our project has the ambitious goal of providing scalable solutions for decarbonizing heavy industrial sectors. Our novel one-step CO2 capture and conversion process has the potential to tip the balance of CO2 mitigation from a financial liability scenario to a profitable one. CICE funding plays a significant role in the growth of the company and in accelerating a made in BC technology adoption."
    Christina Gyenge, CEO, Agora Energy Technologies DISCOVER AGORA