Colorado-based Global Thermostat has been acquired by Zero Carbon Systems, a direct air capture (DAC) specialist that wants to have a million-tonne scale plant by around 2030.
Prior to its 2030 plans, Zero Carbon Systems hopes to start up a 2,500 tonnes per year demonstration plant in 2025 – 2026, and a 50,000 tonnes per year commercial plant two years later.
David Elenowitz, founder and CEO of Zero Carbon System, said, “This acquisition brings us a giant step closer to having all the pieces in place to achieve highly scalable, low-cost, and low-energy carbon dioxide (CO2) removal at megatonne-plus scale.”
Elenowitz has previously invested in Global Thermostat through Zero Carbon Partners, an investment firm he founded in 2019 to scale companies in the low-carbon space.
Through the purchase, Zero Carbon Systems will gain access to Global Thermostat’s solid adsorption process, which uses fans to blow air through proprietary contractors that bind to CO2, which is then separated out with low-temperature heat.
DAC: Explained
DAC technologies directly capture CO2 from the atmosphere to help achieve Net Zero.
The technology is highly scalable and has many advantages as a carbon dioxide removal (CDR) solution: it enables permanent sequestration, is directly measurable, and does not interfere with natural systems.
DAC can be used in combination with underground storage or mineralisation to permanently remove past CO2 emissions. Alternatively, the captured carbon can be utilised.
Edgar Bronfman, Jr., Chairman of Global Thermostat, said, “We chose to be acquired because we recognised that Zero Carbon Systems’ advanced, large-scale design, strong and proven management team, and substantial financial resources, when combined with our highly developed core technology, would be clearly position us to be a market leader within the DAC industry.”
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