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1pointfive
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Developer of Direct Air Capture and point source capture facilities to store CO2 underground for the sale of carbon removal credits (CDR)

Founded in 2020
Founded in

Company type Private Public ()
Company type

Industry Group materials & chemicals

Sector carbon capture usage & storage (ccus)

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United States United States
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Parent Companies Carbon Engineering

Updated by Cleantech Group on 10/03/2024

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Date Company
07/09/2024

Microsoft Microsoft

1PointFive to deliver 500,000 metric tons of carbon dioxide removal (CDR) credits over six years to Microsoft, marking the largest-ever DAC-based CDR credit purchase agreement.

Confirmed by Microsoft

Partnerships
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Date Partner Type
10/30/2024
Enterprise Products Partners Enterprise Products Partners
To develop a new pipeline network and provide fee-based transportation services to 1PointFive to transport CO2 emissions captured by third parties at facilities in the vicinity of the Houston Ship Channel to 1PointFive’s Bluebonnet Sequestration Hub.
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Confirmed by Enterprise Products Partners
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IPO INFORMATION

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Description

Date Investors Type Amount
09/13/2024 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funding will be used to support the development of the South Texas direct air capture (DAC) hub. Additional funding of up to $500M will be distributed in several phases.
Grant $50,000,000
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