The Series A funding round was led by Catalytic Capital for Climate and Health (C3H), a catalytic vehicle by Temasek Trust, and Kibo Invest, a Singapore-based private investment office with a focus on climate technology. The funding round, with participation from a consortium of global investors, will accelerate the engineering scale-up and commercialisation of Equatic’s patented seawater electrolysis technology.
Equatic’s proprietary technology is designed to capture atmospheric carbon dioxide and produce green hydrogen in a single, scalable process, advancing two critical net-zero pathways.
“This investment marks a pivotal moment for Equatic, enabling us to significantly scale our production capabilities and accelerate our mission to deliver durable carbon removal at scale,” said Gaurav N. Sant, Founder and Chief Technology Officer, Equatic. “The Temasek Trust ecosystem has been a foundational partner to Equatic, from early-stage philanthropic backing from Temasek Foundation to catalytic investment through C3H. We welcome Kibo Invest as co-lead and recognize their commitment to invest in companies that are revolutionizing industries and addressing urgent climate challenges.”
Since commencing operations in 2023, Equatic technology has been successfully deployed at two pilot plants in Los Angeles and Singapore. The company is now expanding its operations with a demonstration plant in Singapore, known as Equatic-1, and a commercial-scale plant in Canada.
“Truly innovative carbon management technologies are needed to mitigate climate change before the consequences become irreversible,” said Lord John Browne, Chairman of Equatic’s Advisory Board, Founder and Chairman at BeyondNetZero, and the former CEO of British Petroleum. “By removing carbon dioxide and simultaneously generating green hydrogen, Equatic’s solution provides unique advantages in terms of cost and scalability.”
In May 2024, Equatic was recognised as a CDR Purchase Prize semifinalist by the U.S. Department of Energy, acknowledging its high-quality, permanent carbon credits and rigorous Monitoring, Reporting, and Verification (MRV) practices. In September 2024 Equatic was named a finalist for The Earthshot Prize, a prestigious international recognition for groundbreaking solutions to repair the planet.
Ryan Tan, Head of C3H, commented, “Equatic’s technology and approach exemplify the type of bold and scalable innovation that aligns with C3H’s mandate. We are delighted to support Equatic’s goal in advancing promising climate mitigation solutions that offer permanent, durable carbon removal with green hydrogen production for scalable, tangible impact and commercial benefit.”
Buyers of Equatic’s CDR credits include Boeing and other large industrial companies committed to market-based mechanisms for decarbonisation.
“Equatic represents an exciting opportunity to scale deep-tech innovation that addresses two critical needs: decarbonisation and clean energy. As an investor focused on climate solutions, we are proud to partner with C3H and Equatic to help bring this breakthrough technology to commercial scale,” said James Marshall, CEO of Kibo Invest.