CarbonQuest, a startup based in Spokane, Washington, is focused on capturing carbon emissions at their source before they are released into the environment. The company is developing devices that can be paired with smaller natural gas operations, such as gas boilers and industrial activities. While carbon capture technology is not new for larger facilities like power plants, CarbonQuest sees a significant opportunity in helping smaller emitters reduce their emissions. The company’s technology can capture approximately 90% of the CO2 from an emission source’s flue, and they are planning to install six carbon capture systems in New York City by the end of the year.
The carbon capture sector is experiencing growth, with several startups working on point source carbon capture technology. Companies like CarbonQuest are helping other businesses adhere to climate goals and emissions regulations. They aim to bring down the cost of capturing carbon to make it more economically feasible for companies to invest in this technology. By getting the cost down to $75 to $175 per ton of carbon captured, CarbonQuest hopes to make carbon capture a more attractive option for businesses. Additionally, the U.S. government has created tax credits for carbon capture, further incentivizing the market.
One of the main challenges facing the carbon capture sector is what to do with the captured carbon after it’s been removed. There are various options for storing or utilizing the captured CO2, such as sequestering it in geologic formations, converting it to rock, or using it for industrial processes. However, the demand for these uses is still limited, and more research and development is needed in this area. CarbonQuest is exploring partnerships with companies interested in incorporating the captured carbon into concrete, among other uses.
Carbon capture and sequestration are seen as essential tools in mitigating CO2 emissions to combat climate change. Demand for clean energy solutions is increasing as industries transition to more sustainable practices. Carbon capture technology, along with other renewable energy sources, is crucial in achieving emission reduction targets. While some argue that carbon capture might prolong the use of fossil fuels, proponents like CarbonQuest believe it can address immediate carbon impacts and aid in the transition to cleaner energy sources. By partnering with companies interested in reducing their carbon footprint, CarbonQuest aims to play a significant role in the energy transition story.
The team behind CarbonQuest has a successful history of founding and selling businesses. The founders previously sold telecom company World Wide Packets and distributed power storage business Demand Energy Networks. With 23 employees split between Spokane and New York City, CarbonQuest is currently focused on commercializing its technology and securing outside investment. The company sees Spokane as a growing hub for innovation, particularly in the clean energy and clean tech sector. By identifying opportunities in the market and establishing partnerships, CarbonQuest aims to be a key player in the carbon capture industry and help companies reduce their environmental impact.
