CO2, H2 tech firm Brineworks raises $2.2m

Amsterdam-based Brineworks announced that it has secured $2.2m funding from venture capital firm Pale blue dot.

Brineworks is working on seawater electrolyze to extract low-cost CO2 through direct ocean capture while simultaneously producing hydrogen – key feedstocks for production of-efuels including eSAF.

“Current CO2 capture methods, whether from industrial sources or Direct Air Capture, are either not sustainable, too limited in scale, or too costly,” says Gudfinnur Sveinsson, CEO of Brineworks.

The company expects the dual-use technology to help reduce costs significantly to other solutions.

Brineworks was founded by Gudfinnur Sveinsson and Dr. Joseph Perryman.

The company is backed by Nucleus Capital, Blue Action Accelerator, satgana, first momentum and Aligned.