Texas-Based Climate Tech Startup Vaulted Deep Raises $32M to Combat Carbon Emissions with Underground Waste Injection 🌱💡
Vaulted Deep, a Texas-based climate tech startup, has successfully raised $32 million in funding to advance its innovative approach to combating carbon emissions. The company employs a unique method of injecting organic waste deep underground, utilizing proven oilfield technology to sequester planet-warming carbon efficiently and at scale. This breakthrough solution addresses one of the most pressing challenges in the fight against climate change by locking away carbon that would otherwise contribute to rising global temperatures.
The startup has already achieved notable milestones, having sequestered over 5,000 metric tons of carbon to date. Its process involves injecting carbon-laden waste, such as biosolids from municipal plants and livestock manure, about a mile underground at its existing facilities in Los Angeles and Kansas. This approach not only removes carbon from the atmosphere but also provides a sustainable waste disposal solution.
Vaulted Deep’s approach has already garnered significant interest from investors and customers alike. It is a key partner for Frontier, a coalition that evaluates and supports emerging carbon removal technologies. Frontier’s backing has facilitated the purchase of credits for over 150,000 metric tons of carbon removal, with Vaulted Deep contributing a substantial portion of these at a competitive rate of just under $400 per metric ton.
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