Most of my professional life has been spent as an equity analyst and as a consultant. Now I am leveraging my experience in the financial markets to help start-up ventures fight climate change and restore our ecosystem.
Forests sequester vast amounts of carbon dioxide but grow very slowly. What if we could grow a mature forest in a few weeks, permanently sequester all the carbon it captures, then return a fortnight later and grow another mature forest on the same plot of land? This is the dream of, a UK company commercializing a scalable nature-enhancing solution using forests of algae, a powerful tool for carbon sequestration that can pull carbon dioxide out of the atmosphere fifty times faster than trees.
Brilliant Planet pumps nutrient-dense seawater into a series of onshore ponds seeded with immature algae. The algae move from one pond to another as they grow, undergoing exponential growth and acquiring nearly 90% of their total biomass in the last two days before harvesting. The first Brilliant Planet commercial facility will be a test prototype, but full-sized production models will draw down 260,000 metric tons of CO₂ equivalent every year. Assuming the subsidy rate of $180/ton paid to direct air capture projects in the U.S., this drawdown volume would generate revenues of $46.8 million annually.
Demand for high-quality carbon credits—those that are demonstrably additional, have co-benefits, are certified and credible, and possess high durability—is rapidly increasing. Jovine thinks that changes to international regulations allowing entities to buy high-quality credits from private issuers like Brilliant Planet may provide a strong tailwind to the business.
CDR Brilliant Planet Raffael Jovine Algae
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