CarbonCapture Inc. is a pioneering climate technology company that specializes in the development and deployment of Direct Air Capture (DAC) systems. These systems are designed to remove carbon dioxide directly from the atmosphere, a process known as carbon capture. The company's innovative approach to carbon capture involves the use of sorbents, materials that can absorb or adsorb large quantities of carbon dioxide from the air.

The company operates in the growing market of carbon capture and storage, serving a diverse range of clients including large corporations such as Stripe, Alphabet, Shopify, Meta, JPMorgan Chase, and McKinsey Sustainability. These clients are increasingly investing in carbon removal to offset their carbon emissions and meet their sustainability goals.

CarbonCapture's business model revolves around selling carbon removal credits and entering into offtake agreements. An offtake agreement is a deal made between a producer (in this case, CarbonCapture) and a buyer (the client) to purchase or sell portions of the producer's future goods. In this context, the goods are the carbon removal credits. The company has also received significant investment from Amazon's Climate Pledge Fund, indicating strong support for its technology and mission.

In addition to selling carbon removal credits, CarbonCapture is also involved in collaborative projects to further develop and deploy its technology. For example, it has been selected for a Department of Energy funding of $12.5M to develop a regional DAC hub in Wyoming.

Keywords: Carbon Capture, Direct Air Capture, Climate Technology, Carbon Removal Credits, Offtake Agreement, Sorbent Development, Systems Engineering, Intellectual Property Development, Corporate Sustainability, Carbon Offset.