CRH Ventures has invested €23.7 million in Cool Planet Technologies to support the development and commercialization of its innovative carbon capture solutions.

Target Company Information

Cool Planet Technologies is a forward-thinking company specializing in pioneering carbon capture solutions, particularly tailored for industries that have traditionally posed challenges in terms of decarbonisation. The company has successfully developed a compact, low-energy, and cost-efficient membrane-based technology specifically designed for carbon capture. This innovative approach not only addresses the operational difficulties associated with carbon emissions but also promotes flexibility in application, making it suitable for both retrofit and new construction projects.

The funding secured will primarily be utilized for scaling the demonstration of their technology and facilitating its commercial rollout. A significant aspect of this plan includes the establishment of a membrane manufacturing facility, which is vital for producing their carbon capture systems on a large scale.

Industry Overview

In recent years, the urgency to combat climate change has propelled the need for innovative solutions across various industries, particularly in Europe, where strict regulatory measures and environmental standards are being enacted. The construction industry,