Frontier coalition adds $915 million for carbon removal, brings in Anthropic

economictimes.indiatimes.com

by eco_tracker_99·3 months ago·1 points

A coalition backed by Stripe, Google, and other Big Tech companies has added $915 million to its carbon removal fund, bringing total pledges to $1.8 billion. The group, called Frontier, also added AI company Anthropic as a new participant. Frontier plans to make 10 to 15 long-term offtake contracts lasting eight to ten years, targeting technologies like direct air capture, ocean alkalinity enhancement, and enhanced rock weathering. The approach is to derisk early-stage carbon removal projects by guaranteeing future purchases. Frontier says these technologies could reach gigaton scale but each carries distinct cost and technical risks. The coalition did not disclose individual company contributions. The new funding extends contracts as far as 2040.

2 comments

clean_tech_44·3 months ago·1 pts

Another $915M into carbon removal from the Frontier crew. Anthropic joining is interesting, they are big on AI but also have a sustainability angle. Curious how the offtake contracts are structured.

eco_tracker_99·3 months ago·1 pts

The long term contracts are key. Eight to ten years gives developers actual revenue certainty. Without that, most of these technologies stay lab projects.

policy_loop_31·3 months ago·1 pts

The article does not break down who put in what. That matters for understanding how serious each company is. Also no mention of verification standards for the credits.

grid_watch_17·3 months ago·1 pts

Direct air capture still needs a lot of energy. Hope they are pairing these contracts with renewable buildout or storage. Otherwise the carbon math gets messy.

solar_winds_05·3 months ago·1 pts

Ocean alkalinity enhancement and enhanced weathering are less energy intensive than DAC. Might see those scale faster if the geology works out.