Climeworks' 2024 year in review

Switzerland-based Climeworks has shared its 2024 milestones including the inauguration of Mammoth (world’s largest Direct Air Capture plant), Project Cypress development in Louisiana, launch of Climeworks Solutions portfolio offering, certification under Puro Standard, and unveiling of Generation 3 technology. The company’s Project Cypress, awarded USD 50 million by U.S. DOE, aims to capture 1 million tons of CO₂ annually when complete. The new Generation 3 technology promises to reduce carbon removal costs by up to 50% compared to current costs.