Sirona Technologies raises a €6 million seed round to deploy first DAC plant in Kenya
Sirona Technologies, co-founded by a former Tesla engineer, announced that it had raised a €6 million seed round to advance its mission of combating climate change through Direct Air Capture (DAC) technology.
This funding round was co-led by LocalGlobe and XAnge, with participation from Look Up Ventures, Satgana, VOYAGERS Climate-Tech Fund, Syndicate One, and Renaud Visage.
We are thrilled to announce we’ve raised a €6 million seed round, co-led by @localglobevc and @XAngeVC, to scale our Direct Air Capture (DAC) technology and deploy our first pilot plant in Kenya! 🚀🚀 pic.twitter.com/zfaMv62xwo
— Sirona Technologies (@SironaTechCDR) June 26, 2024
The procured funds will empower Sirona Technologies to upgrade its DAC technology and begin the deployment of its first pilot plant planned to be established in Kenya.
The plant in Kenya is planned to be established with assistance from local stakeholders. The DAC plant is expected to be operational by the end of 2024 and will test out the feasibility of establishing a full-scale commercial plant by 2026.
Also read: Nuada begins carbon capture trials at Buzzi’s cement facility
Thoralf Gutierrez, CEO and co-founder of Sirona Technologies, said, “The amount of CO2 we need to remove from the atmosphere is so big, it’s hard to comprehend. If we were to plant trees, we would have to cover an area the size of Asia.”
He added, “ With Direct Air Capture, we need to run our machines on a 150km x 150km array of solar panels, which is about 10% of the clean energy that will be built by 2050. Both will play a role, but it’s clear that forests won’t be enough.”
Kenya, already a leader in renewable energy with a 93% grid reliance on clean sources, sees DAC as a complement to its energy strategy, potentially stabilizing energy demand and reducing electricity costs for consumers.
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