Dimensional Energy Achieves Milestone Funding for Innovative Carbon-to-Value Solutions
Dimensional Energy, a global leader in carbon utilization technology, has successfully closed a $20 million Series A funding round, signaling a significant boost for Sustainable Aviation Fuel (SAF) production and advanced carbon emissions-derived fuels and materials. This milestone comes alongside the company’s commitment to environmental and social equity, with the filing of the Delaware Public Benefit Corporation Charter, marking the initial step toward B Corporation certification.
Strategic Funding Partnerships Driving Sustainable Growth
Led by Envisioning Partners, a notable Korea-based impact venture capital fund, the funding round includes strategic participation from United Airlines’ Sustainable Flight Fund, Microsoft’s Climate Innovation Fund, RockCreek Group’s Smart Aviation Futures fund, DSC Investment, Delek US, New York Ventures, Climate Tech Circle, and ongoing support from existing investors New Climate Ventures, Elemental Excelerator, Chloe Capital, and Launch New York.
Paving the Way for Transformative Projects and Innovations
The substantial Series A funding will propel Dimensional Energy’s key initiatives, including the construction of the world’s first advanced power-to-liquid (PtL) fuels plant in collaboration with Svante. This plant, utilizing emissions from the Lafarge Richmond Cement Plant in British Columbia, Canada, is set to significantly contribute to carbon capture technology and sustainable aviation fuel production.
Additionally, the funds will support the development of commercial power-to-liquid plants globally, introduce consumer and business-to-business products such as fossil-free surf wax and cruelty-free fat alternatives, and drive technology advancements in Dimensional Energy’s proprietary reactor and catalyst technologies. These innovations are supported by funding from the Department of Energy’s ARPA-E and SETO programs, in collaboration with Oak Ridge National Laboratory and Cornell University.
Positioning Dimensional Energy for Global Impact
The successful funding round, combined with committed third-party project financing, positions Dimensional Energy for substantial growth. The company’s cutting-edge technology, transforming carbon dioxide emissions into sustainable aviation fuel and other valuable products, reflects a groundbreaking approach to addressing global emissions challenges. Dimensional Energy’s commitment to seamlessly integrating into existing industrial facilities marks a pivotal shift toward a more sustainable and decarbonized future.
Source：businesswire.com
