September 20, 2022

We’ve released our latest Power List, this time looking at the Carbon Removals, Storage and Transformation market.

Carbon removal involves CO2 being taken out of the air (Direct Air Capture) or captured at the source (Carbon Capture & Sequestration).

In this report we’ve given an introduction to the sector, outlined how airlines and airports are starting to get on board with it, and profiled ten companies that we both tip to succeed and that we think are relevant to the aviation industry.

That includes Canadian company Carbon Engineering, which at Farnborough signed an MOU with Airbus and a number of airlines.

It also includes companies that capture CO2 and turn it into products. For example, Air Company, LanzaTech, and Twelve have made everything from laundry detergent to perfume to sunglasses from carbon dioxide.

Meanwhile, we’ve featured companies who are making E-Fuels out of CO2. Twelve, LanzaTech (LanzaJet), Carbon Engineering, and Synhelion are all doing so.

Finally, CarbonCure is making sustainable concrete by storing CO2 in it, while Noya is turning the cooling towers you find on top of buildings into carbon capture units.

Though carbon removal is for now expensive, it’s worth remembering that solar power was also almost prohibitively costly only a few decades ago.

Today, it’s the cheapest energy source in history according to the IEA, and carbon removal can move in the same direction as the technology evolves and with the right incentives.

Want to read more? Download the report from our hub.

Last week there were two announcements in the next generation aircraft space, one from Heart Aerospace and another from Eviation.

Together they tell us a lot about where the sector is heading.
Heart’s announcement was of course the bigger of the two.

That’s because it involved equity deals with Air Canada and Saab, firm orders from Air Canada, and the announcement of a new facility to produce Heart’s aircraft in Gothenburg called the Northern Runway.

Overall, the optics of the announcement were excellent.

On display were votes of confidence from major aviation companies, United remains the major customer and Scott Kirby appeared on video to talk about how the airline intends to be unique in reaching net zero without recourse to carbon offsets.

Those votes of confidence are a good indication of Heart Aerospace’s aircraft actually making it from the airframe sitting in the hangar right now to commercial flight in 2028.

Read the whole post on the SimpliFlying website.

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