Clean Energy Systems (CES) has raised $15 million in a series-A funding round led by Carbon Direct Capital Management.
The funding will accelerate the first commercial-scale deployment of CES technology in the carbon negative power project in Mendota, Calif. Carbon Direct will join Clean Energy Systems’ board of directors.
As announced on March 4, CES is collaborating with Schlumberger New Energy, Chevron Corp. and Microsoft to develop a carbon-negative power project in Mendota. The plant will convert local agricultural waste biomass into a renewable synthesis gas that will be mixed with oxygen in a combustor to generate electricity. More than 99 percent of the carbon from the process is expected to be captured for permanent storage by injecting carbon dioxide underground into nearby deep geological formations.
“Our vision is to scale our carbon removal technology to gigaton scale. In the state of California, our projects mitigate pile-burning of agricultura
