CarbonQuest and Daroga Power Launch North America's First Carbon Capture-as-a-Service Model, Revolutionizing Industrial Decarbonization
Key Insights
CarbonQuest and Daroga Power have introduced North America's inaugural carbon capture-as-a-service model, eliminating upfront capital investment for industrial clients.
The innovative financial structure, led by Daroga Power, enables industries to reduce emissions and generate revenue from captured CO₂ through multi-year agreements.
A pilot project at a Washington State beverage plant demonstrates CarbonQuest's modular, distributed capture technology, promoting on-site CO₂ reuse and circular economy principles.
The model offers real-time CO₂ traceability and verifiable data, assisting companies in meeting environmental targets and enhancing ESG reporting.
CarbonQuest and Daroga Power have unveiled North America's first carbon capture-as-a-service model, a significant development poised to revolutionize industrial decarbonization by eliminating the prohibitive upfront capital investments typically associated with emissions reduction technologies. This innovative partnership offers a scalable solution for industries seeking to meet environmental targets and enhance sustainability without incurring substantial initial costs, marking a strategic shift in how businesses approach carbon management across the continent. The model not only facilitates emissions reduction but also creates new revenue streams through the valorization of captured CO₂, establishing an economically viable and environmentally beneficial system.
The inaugural project under this new framework is currently underway at a beverage manufacturing facility in Washington State. Here, CarbonQuest's proprietary modular carbon capture system is deployed to directly capture carbon dioxide emissions at their source. A cornerstone of this initiative is Daroga Power's financial commitment, which assumes the installation and operational costs through a comprehensive multi-year agreement. This arrangement ensures a consistent supply of low-cost liquid CO₂ for the client, coupled with real-time traceability of the captured gas, providing unprecedented transparency in carbon accounting.
CarbonQuest’s distributed carbon capture technology is specifically designed for deployment in small to medium-sized industrial, commercial, and utility facilities. This localized approach significantly reduces the logistical challenges and additional carbon footprint associated with transporting captured gases over long distances. Furthermore, the captured CO₂ can be directly reused within the client's operations or sold to other industries, actively promoting a circular economy where waste streams are transformed into valuable resources. This contrasts with traditional large-scale carbon capture projects that often require extensive pipeline infrastructure and centralized storage.
The integrated carbon management platform developed by CarbonQuest provides comprehensive operational transparency. It precisely records the volume of CO₂ captured and subsequently reused or sold, offering verifiable data crucial for clients to meet stringent environmental targets and comply with evolving ESG (Environmental, Social, and Governance) reporting requirements. The project's operations are managed by C2Zero, a company jointly owned by SER Capital Partners and Daroga Power, a structure designed to enable rapid scaling of this 'capture-as-a-service' model across diverse industrial sectors, underpinned by robust financial backing and a clear sustainability mandate.
Executives from both CarbonQuest and Daroga Power emphasize that this novel financial and technological scheme directly addresses a critical market need: making advanced carbon capture solutions accessible without the traditional economic barriers. By transforming carbon capture from a capital expenditure into an operational expense, and by enabling income generation from captured CO₂, the partnership is setting a new precedent for industrial sustainability. This model is expected to accelerate the adoption of carbon capture technologies, contributing significantly to global decarbonization efforts and fostering a more resilient and circular industrial landscape.