The net-zero emissions goal is crucial to limit global warming, as outlined in the Paris Agreement on climate change, and the technology brief calls for rapid scale-up of carbon capture, utilisation, and storage (CCUS). Сonsequently, decarbonisation start-ups are gradually taking an increasingly important position in the market.
Skopai has created a mapping of decarbonisation start-ups, focusing on carbon capture solutions. These start-ups are headquartered in Europe, Israel, the United States, and Canada. The mapping is based on the data on 96 start-ups listed on the Skopai platform in May 2023. The data on start-ups are collected from sources publicly available on the internet, using data science and AI algorithms. Report topics include:
- Geography: the analyzed carbon capture start-ups are spread across 19 countries
- Maturity stage: more than half of start-ups (52.1%) are on the go-to-market stage and 31% of start-ups have been created during the last three years (2020-2023)
- Innovation map: two categories of innovations. Start-ups dedicated to developing new capture technologies and start-ups using captured CO₂ to produce industrial feedstock or generate economic benefits
- Team size: more than half of start-ups (54.7%) have between 11 and 50 employees
- Business models: B2B (87.9%) is a dominant form of commercial transation and development and manufacturing (68.9%) is a dominant sector
- Technology and patents: 43% of carbon capture start-ups have filed patents
- Investments: over the last five years (2018-2023), carbon capture start-ups raised more than 3.3 billion euros in funding. Carbon capture financing took a giant leap forward in 2022.
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