ImpactAlpha, August 25 — Supply chain emissions. Decarbonizing processes. Carbon offsets. Meeting net-zero goals is a daunting challenge for corporations.
New York-based Carbon Direct’s software helps partners break down their carbon footprint and connect with carbon removal tech partners. Its team of 30 scientists advises governments and businesses, such as Microsoft.
“Organizations will need to significantly change how they manage their carbon footprint in order to meet their climate goals,” said Jeffrey Harris of Quantum Energy Partners, which led Carbon Direct’s financing with Decarbonization Partners, the joint effort of Singapore’s Temasek and BlackRock.
Late-stage climate tech
Decarbonization Partners launched last year with a $600 million commitment to hunt for “companies that have proven technology and a capacity to scale — once provided with the right capital,” said Decarbonization Partners’ Meghan Sharp.
Decarbonization Partners late last month injected $300 million in clean-hydrogen and carbon-black maker Monolith. In May, it backed Group14 Technologies to commercialize silicon batteries and alt-leather producer MycoWorks.