This startup is removing carbon from the air — and here's why JetBlue is backing it
Publishing timestamp: 2024-01-08 16:59:02
Summary
Avnos, a California-based startup, has developed a technology called "hybrid direct air capture" that removes carbon dioxide from the atmosphere while also producing water. Unlike other direct air capture methods that consume a lot of water, Avnos actually creates water in the process. The company aims to be more cost-effective, resource-efficient, and scalable than other solutions in the space. Avnos is benefiting from government tax credits and direct funding, and it has attracted investments from JetBlue Ventures and other venture capital firms. Critics argue that direct air capture alone cannot make a significant impact on carbon emissions, but Avnos sees it as one tool in the decarbonization ecosystem. The water and captured carbon can be used to produce sustainable aviation fuel.
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Keywords: breaking news: technology, climate, breaking news: business, technology, pollution, environment, business news, transportation, jetblue airways corp, science,