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Transaction

Terraforma Carbon - NSF SBIR Phase I grant (Jul 2024)

Terms

Announced
11 Jul 2024
Instrument
Grants
Amount
US$0.28m
Source
nsf.gov

Parties

Project developer
Terraforma Carbon
Recipient type
Technology company
Country
United States
Capital providers
Capital providers and the amount counted for each
PartyRoleAmountBasis
National Science FoundationGrantorUS$0.28mDisclosed

Carbon

Pathway
Bio-oil / biomass burial

What happened

National Science Foundation SBIR Phase I award to Terraforma Carbon LLC. SBIR Phase I: geologic biosolid sequestration using preexisting wastewater disposal wells. NSF records the funds as obligated ($275,000).

Kumo note

- Non-dilutive federal SBIR grant to a carbon removal company.

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