Transaction

Removr - Enova innovation grant for DAC pilot (Feb 2023)

Terms

Project developer: Removr
Recipient type: Technology company
Country: Norway
Capital providers: Capital providers and the amount counted for each
Party Role Amount Basis
Enova Grantor US$3.50m Sole provider: the whole transaction

Capital providers and the amount counted for each
Party	Role	Amount	Basis
Enova	Grantor	US$3.50m	Sole provider: the whole transaction

: Removr received an Enova innovation grant of NOK 36.3m (about US$3.5m per Carbon Pulse) for an industrial-scale direct air capture pilot, described as Norway's first grant to DAC. Source: 'The backing was provided in the form of an innovation grant from the Norwegian governmental body Enova'.

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