One of the newest and fastest-growing weapons in the fight against global warming is technology to remove carbon dioxide from the atmosphere, known as direct air capture.
Direct air capture is already a growing business, and governments around the world are adding to it, providing tax incentives and grants to help spur the industry forward.
Some of the first firms to do it, such as Climeworks and Carbon Capture, use massive fans in the process.
Similar to other direct air capture companies, Avnos is benefiting from both government tax credits and direct funding.
In addition to JetBlue Ventures, Avnos is backed by Shell Ventures, the Grantham Foundation's Neglected Climate Opportunities Fund and Rusheen Capital Management.
Persons:
it's, Will Kain, Avnos, Kain, Amy Burr
Organizations:
JetBlue Ventures, Avnos, Shell Ventures, Rusheen Capital Management, CNBC PRO
Locations:
California, Grantham, VCs