Startups
Parallel Carbon
https://parallelcarbon.comAdvance hydrogen and direct air capture hardware platform.
Summary
Industry
Insights
This section hypothesizes why Parallel Carbon can be a $10 billion dollar company in 10 years, in 10 lines or less.
Parallel Carbon utilizes renewable energy for clean hydrogen production while pulling carbon dioxide from the atmosphere. Its system integrates water electrolysis and direct air capture (DAC) to reduce capital costs and better utilize low-cost renewable energy. This process operates with intermittent electricity, providing critical advantages compared to high-temperature direct air capture pathways, such as those offered by Occidental Petroleum through their recent acquisition of Carbon Engineering.
Total funding Amount
$3.7M
Fundraising History
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Jan 08 '24 Seed$3.6M
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