Ion Clean Energy Secures $45M Investment for Carbon Capture Technology

Ion Clean Energy, a company based in Boulder, CO, recently raised $45 million in funding from Chevron New Energies and Carbon Direct Capital. The company, founded by Buz Brown, specializes in carbon dioxide capture technologies that aim to make CO2 capture a more viable option for hard-to-abate emissions. Ion Clean Energy's ICE-31 liquid amine carbon capture technology is designed to capture more than 95% of CO2 emissions with low energy requirements and solvent stability. With this investment, Ion Clean Energy plans to enhance its organizational growth and accelerate the commercial deployment of its carbon capture technology. Timothy Vail, the new CEO of Ion Clean Energy, expressed excitement about the company's potential to become a global provider of high-performance point source capture solutions. The investments from Chevron and Carbon Direct Capital are seen as a testament to the hard work of Ion Clean Energy's team and the promising future of their technology. This funding will enable Ion Clean Energy to further develop and deploy their carbon capture technology, making a significant impact on both commercial and environmental fronts.