According to the Intergovernmental Panel on Climate Change, we need to return Earth’s atmosphere to 280 parts per million of CO2 for the health of human existence and that of the planet. To achieve that goal, industry experts believe we’ll need to be removing 10-20 billion tons of carbon per year by 2050.
Removing carbon is exactly what this month’s Watt It Takes guest, Peter Reinhardt, Co-Founder and CEO of Charm Industrial, is doing.
The team at Charm has developed a novel process for removing carbon using biomass that is converted to bio-oil via pyrolysis, and then injected into wells deep underground, where it is permanently stored for thousands of years if not millennia. Charm is also developing a process for fossil-free ironmaking.
Charm has raised $125M, has a team of 50, and is scaling their carbon removal operations. I spoke to Peter about Charm’s mission to turn the tide of global climate change with carbon removal; from his childhood as a self identified “hard core math nerd” with a passion for the environment, to his early career as a ridiculously successful tech entrepreneur, to switching gears and delivering a carbon removal process to a planet that needs it now more than ever.
Sponsors
Watt It Takes is brought to you by Shell Ventures and SPAN.
Shell Ventures specializes in unlocking deployment opportunities to help their portfolio companies scale, access customers and commercialize their solutions. Visit shell.com/ventures to learn more about how they can help your company reach the next level of growth.
SPAN are the makers of the award-winning SPAN Panel—a smart electrical panel that enhances how homeowners interact with their energy. Interested in advancing your career at one of the premier companies in Climate Technology or getting SPAN installed in your home? Visit www.span.io to learn more.
About Powerhouse and Powerhouse Ventures
Powerhouse is an innovation firm that works with leading global corporations and investors to help them find, partner with, invest in, and acquire the most innovative startups in clean energy, mobility, and climate.
Powerhouse Ventures backs seed-stage startups building innovative software to rapidly decarbonize our global energy and mobility systems. You can learn more at powerhouse.fund, and you can subscribe to our newsletter at powerhouse.fund/subscribe.
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