Breakthrough Energy Ventures Leads $80 Million Round for Verdox Electrochemical Carbon Capture Technology
On February 2, 2022, Verdox raised $80 million led by Breakthrough Energy Ventures alongside Prelude Ventures and Lowercarbon Capital to commercialise its MIT-developed electrochemical carbon removal technology. Unlike thermal carbon capture systems requiring large amounts of heat and water, Verdox's electrochemical process selectively captures and releases CO₂ using targeted electrical energy at any atmospheric concentration, eliminating the need for heat regeneration. The technology was developed at MIT's Department of Chemical Engineering and is scalable to direct air capture applications.
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March 2025
Breakthrough Energy Ventures Invests in Savor — Butter Made Directly from Carbon
Breakthrough Energy Ventures backed Savor, a startup that produces butter using carbon dioxide and hydrogen — derived from atmospheric carbon and water — without any conventional agriculture, animals, or farmland. Savor's thermochemical process generates saturated fat with an identical molecular profile to dairy butter while using an estimated 99.9 percent less water and zero agricultural land. The product launched at Michelin-starred restaurants in 2025, with supermarket availability targeted for 2027, as part of Gates's broader bet on food-system decarbonisation.
2024
Breakthrough Energy Catalyst Invests $40 Million in Deep Sky Carbon Removal
Breakthrough Energy Catalyst — Gates's industrial decarbonisation investment vehicle — committed $40 million to Deep Sky, a Quebec-based company developing commercial direct air capture facilities across Canada. The investment marked Catalyst's first in the DAC sector. Deep Sky's Alpha facility in Alberta is designed as a testing ground for multiple next-generation carbon removal technologies, with the goal of proving the cost trajectory needed to make DAC viable at planetary scale.
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