Climate tech startup Vaulted Deep raises funds to inject carbon waste down wells
- US climate tech startup Vaulted Deep, which is locking away planet-warming carbon by burying organic waste deep underground, has raised $32 million in venture capital funding to expand operations, the company and investors said on Thursday.
Vaulted Deep collects organic waste such as biosolids, which are treated human feces, from municipal waste plants and livestock manure and injects it about a mile deep, at plants in Los Angeles and Kansas. New funds will support the development of additional locations, including one in Colorado. Venture capitalist Matt Eggers of Prelude Ventures, which is leading the round, said the technology was much more advanced than for many similar young companies. Permitting could be a worry, he said.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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