Climos enlists plankton, venture funds to fight climate change

Climos, a company that plans to grow plankton to capture carbon from the atmosphere, is in the process of raising an initial round of $4 million in venture funding.

San Francisco-based Climos plans to announce the series A funding on Monday or Tuesday, CEO and founder Dan Whaley told CNET News.com on Thursday.

The funding comes only a few weeks after Planktos, another ocean fertilization venture, shut down because of a lack of money and what it called a “highly effective disinformation campaign.”

The goal of these ventures is to stimulate the growth of large amounts of plankton in the sea by “seeding” it with an iron compound.

During plankton “blooms,” which happen naturally, the plankton take the greenhouse gas carbon dioxide out of the atmosphere as they grow.

After this growth phase, some of the plankton sink several hundred meters, at which point the carbon is considered sequestered and taken out of the atmosphere.
plankton bloom

Climos intends to make money by selling carbon credits, which represent reductions in carbon dioxide emissions that are sold on voluntary and regulated markets.

Click on Title link to view entire article. Source: news.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s