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The investment will help the company accelerate its technology development, prototype testing and initial deployment
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The MIT spin-off claims its technology has the potential to capture carbon from any industrial source or the air, cutting energy use by up to 70%
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Researchers say the process can capture the greenhouse gas at any concentration, whether it is directly from a power plant chimney or from the open air
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The study estimates fewer deaths from air pollution could lead to savings of $339bn in 2030 – four times the cost of meeting China’s climate goals.
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Scientists at MIT are working with new private company Commonwealth Fusion Systems to develop a working pilot plant
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