Business Wire

Brimstone Energy Announces Financing to Accelerate Development of the First-Ever Zero-Carbon Portland Cement

Share

Brimstone Energy has secured financing co-led by DCVC and Breakthrough Energy Ventures (BEV) to develop zero-carbon Portland cement. In addition to the $5.1 million financing, the company has also received $2 million in grants from ARPA-E, the National Science Foundation, and others.

Cement is used all over the world as the basic ingredient in concrete, mortar, and other building materials, and has two key components, Portland cement and supplementary cementitious material (SCM). Today, Portland cement is made by heating limestone and clay or other materials in kilns, a process responsible for about 8% of global CO2 emissions (5.5% of global greenhouse gas emissions)—about the same as cars. SCM is produced as a byproduct of burning coal in powerplants and steel mills, and is becoming more expensive as global energy production relies less on coal.

Cody Finke, co-founder & CEO of Brimstone, commented, "The cement industry is currently reliant on coal-fired power plants and blast-furnaces. This dependency worked in the coal-dominated past, but the world is rapidly transitioning away from coal. In our modern energy system, the process that Brimstone is developing is more economically appropriate and sustainable.”

For the world to reach net-zero CO2 emissions, and also meet the building demands of the future, cement production must be decarbonized. Brimstone’s technology produces ordinary Portland cement, identical in every way to conventionally manufactured cement, but without releasing CO2. Brimstone’s new process also produces SCM, identical in every way to conventional SCM, without burning coal. At scale, Brimstone’s breakthrough will make cement at or below market prices, solving both the problems of emissions and scarcity of raw materials, without increasing cost or risk for customers.

Kelly Chen, Partner at DCVC, added, “This isn’t carbon capture, or a cement alternative. Brimstone’s technology doesn’t change the chemistry of Portland cement. It’s a clean process with no CO2 byproduct that also produces SCM without burning coal. Our investment in Brimstone exemplifies DCVC’s work of over a decade backing brilliant entrepreneurs solving trillion-dollar problems at the forefront of climate resiliency.”

“Cement production is a major contributor to global carbon emissions, and we are focused on fixing that by investing in innovative companies like Brimstone,” said Carmichael Roberts of Breakthrough Energy Ventures. “Brimstone has the vision to reduce the cost, complexity, and emissions associated with this critical material.”

The new funding will support product development and hiring. Brimstone’s products will solve two key problems for cement producers:

  1. Reducing liability: CO2 emissions are increasingly a liability for cement companies as more governments pass laws like California's SB 596, mandating that the cement industry cut emissions by 100% by the year 2045.
  2. Fixing supply-chain issues and reducing costs: Brimstone’s co-production of Portland cement and SCM will end the complex and expensive logistics headache associated with sourcing supplementary cementitious materials from the coal industry.

Hugo Leandri, co-founder and CTO of Brimstone, remarked, “Major industrial processes only change every hundred years or so, and they always change towards market simplification. With over a century since a major innovation in cement, it’s time for a change.”

Brimstone is engaging with cement companies, architects, structural engineering firms, and concrete companies through their First Builders initiative, which is seeking to build a coalition of industry players and early adopters, who will get early access as Brimstone begins to scale. If you are an interested company or firm, email firstbuilders@brimstone.energy to participate.

About Brimstone Energy

Brimstone Energy uses proprietary technology to produce carbon-neutral Portland cement and supplementary cementitious materials. While at Caltech, Co-founders Cody Finke and Hugo Leandri conceived of the vision to decarbonize cement production by inventing better technology to work within the existing cement industry. Brimstone is backed by top investors—including DCVC, Breakthrough Energy Ventures, and the Collaborative Fund. To learn more, follow Brimstone on Twitter and LinkedIn at @BrimstoneEnergy, visit the website: www.brimstone.energy, or reach out directly: info@brimstone.energy.

About DCVC

DCVC backs entrepreneurs solving trillion-dollar problems to multiply the benefits of capitalism for everyone while reducing its costs. For over twenty years, DCVC and its principals have backed brilliant entrepreneurs applying Deep Tech, from the earliest stage and beyond, to pragmatically and cost-effectively tackle previously unsolvable problems in nearly every industry, especially those that haven’t seen material technological progress in decades. Together, we have created tens of billions of dollars of value while also making the world a markedly better place. Visit dcvc.com to learn more.

About Breakthrough Energy Ventures

Backed by many of the world’s top business leaders, Breakthrough Energy Ventures (BEV) invests in cutting-edge companies that will lead the world to net-zero emissions. BEV has more than $2 billion in committed capital to support bold entrepreneurs building companies that can significantly reduce emissions from agriculture, buildings, electricity, manufacturing, and transportation. BEV’s strategy links government-funded research and patient, risk-tolerant capital to bring transformative clean energy innovations to market as quickly as possible.

The first fund was created in 2016 as part of the Breakthrough Energy network of initiatives and entities, which include investment funds, non-profit and philanthropic programs, and policy efforts linked by a shared commitment to scale the technologies needed to address climate change and achieve a path to net zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Cody Finke
info@brimstone.energy

About Business Wire

Business Wire
Business Wire



Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

TMD Security Launches Next Generation Key-less Lock Solutions for ATM Safe, Top Box and Access Doors30.11.2021 07:00:00 CET | Press release

TMD Security, global leader in high security ATM and branch access management, announced today the launch of its in-house R&D developed intelligent lock solutions for all types of access points. TMD key-less lock solutions for ATMs and access doors are integrated into TMD High Security Access Management which centrally manages all users and locations with one process and a real-time audit trail. Access for service engineers, branch staff and Cash-in-Transit (CIT) teams is scheduled and pre-approved. At the time of access, user and lock credentials are instantly checked and if correct, an encrypted One Time Code (OTC) is sent directly to the lock via the mobile app. TMD ATM safe lock is unique because the security and intelligence are inside the Lock Controller, located inside the safe behind the door. The OTC is sent directly to the Lock Controller via the mobile app. With no need for a keypad, the Lock Controller is an ‘invisible’ lock for the safe or access door. TMD’s user-friendly

Vifor Pharma announces changes to the Executive Committee as CFO retires30.11.2021 07:00:00 CET | Press release

Regulatory News: AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR Vifor Pharma Group today announced that Colin Bond, Chief Financial Officer will retire from the company by the end of December 2021 at his own request. Vifor Pharma is currently in the recruiting process for the new Chief Financial Officer, to be announced once the successor has been identified. Abbas Hussain, Chief Executive Officer of Vifor Pharma, commented: "On behalf of the company I would like to thank Colin for his valuable contributions and leadership during his tenure at Vifor Pharma. For his next phase of his life I wish him all the best and satisfaction in his future endeavors.” About Vifor Pharma Group Vifor Pharma Group is a global pharmaceuticals company. It aims to become the global leader in iron deficiency, nephrology and cardio-renal therapies. The company is a partner of choice for pharmaceuticals and innovative patient-focused solutions. Vifor Pharma Group strives to help patients around the world with sev

Wemade Holds Spectacular Event to Celebrate 100 Days Since Global Launch of MIR430.11.2021 03:34:00 CET | Press release

Wemade’s masterpiece mobile MMORPG ‘MIR4’ will hold a spectacular event starting on November 30th, to celebrate the 100th day of its global release. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211129005798/en/ Wemade’s masterpiece mobile MMORPG ‘MIR4’ holds a spectacular event starting on November 30th, to celebrate the 100th day of its global release. It will be held for two weeks and special rewards will be given including Divine Dragon’s Blessing, Enhancement Stones, Summoning Tickets, and a special box containing various materials. While hunting monsters on the Mir continent, players can obtain Dragon Fruits. In addition, Wayfarer Travel tickets will be updated that allow for transfers to a different server. New Spirits will also be updated including Bloodtip Drago, a legendary-grade fire element Spirit, and Leocrat Khun, an epic-grade earth element Spirit. To commemorate the release of new spirits, a Spirit Special S

LabGenius Appoints Dr. Gino Van Heeke as Chief Scientific Officer30.11.2021 01:00:00 CET | Press release

LabGenius, the machine learning (ML)-driven protein engineering company, today announced the appointment of Gino Van Heeke Ph.D. as Chief Scientific Officer (CSO). In this role, Gino will leverage his wealth of drug discovery and development experience to direct LabGenius’ scientific strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211129005436/en/ Dr. Gino Van Heeke Appointed as LabGenius' CSO (Photo: Business Wire) “I’m extremely pleased to welcome Gino to the company as CSO,” said Dr. James Field, Founder and CEO of LabGenius. “Gino is an accomplished scientific leader with an impressive track record of successfully advancing drug candidates into pre-clinical and clinical development.” Gino joins LabGenius from Engitix Therapeutics, where, as CSO, he established a portfolio of projects and initiated the company’s first drug discovery campaign. Before this, Gino was Senior Director, Discovery and Early Development

InVeris Training Solutions Unveils SRCE™ – a Revolutionary, Augmented Reality Training System29.11.2021 20:00:00 CET | Press release

InVeris Training Solutions, the leading provider of integrated live-fire and virtual weapons training systems for military, law enforcement agencies and commercial shooting ranges, today unveils SRCE™ (See, Rehearse, Collectively Experience or "Source"), a groundbreaking, augmented reality-based, untethered weapons training simulator. InVeris Training Solutions provides the most advanced augmented reality technology available in a military and law enforcement training simulator, a feat previously thought to be years away by many in the industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211129005628/en/ SRCE is the only untethered AR training solution on the market—allowing up to 4 participants to train with simulated weapons and tactical gear. (Photo: Business Wire) "Augmented reality delivers the best of the virtual and real worlds in a way that's fully lifelike, seamless, customizable and economical," said InVeris CE

Verimatrix Launches Streamkeeper To Offer Industry’s First Battle-Ready Cybersecurity Solution Engineered to Hunt Down and Take Out Video Piracy29.11.2021 17:45:00 CET | Press release

Regulatory News: Verimatrix, (Euronext Paris: VMX) (Paris:VMX), the leader in powering the modern connected world with people-centered security, today announced the launch of its new Verimatrix StreamkeeperSM solution, a cybersecurity and anti-piracy gamechanger for the media & entertainment industry. Streamkeeper empowers customers to hunt down and take out OTT pirates who steal content such as live sports and premium movie as they are distributed from the source to the endpoint (mobile app/user level). The solution includes Verimatrix's all-new CounterspySM technology -- the autonomous injection of an anti-piracy and app protection security agent that utilizes the company’s proprietary zero code technology which allows customers to add deep, defensive countermeasures, plus monitor their clients without the hassle of a huge integration effort. Integration efforts have also been reduced dramatically, from months to minutes, accompanying numerous operator benefits ranging from a reducti

Introducing ThreatConnect 6.4 - Improving Threat Intelligence Processes and SOC Metrics29.11.2021 17:31:00 CET | Press release

ThreatConnect Inc.®, the leader in enabling a risk led and intelligence-driven security is announcing ThreatConnect 6.4, which introduces new capabilities that allow security operations and cyber threat intelligence (CTI) analysts to get useful context faster during investigations and to better measure team efficiencies. ThreatConnect combines its Threat Intelligence Platform (TIP) and Security Orchestration and Automation platform (SOAR), creating a continuous feedback loop that helps make Intelligence-Driven Operations a reality. This latest product release builds upon the foundation of Intelligence-Driven Operations, empowering the workflow of threat intelligence and security operations teams individually and together. The 6.4 release helps CTI and security operations center (SOC) teams get more context quickly, enabling faster investigations for both. CTI teams are enabled to more easily build and maintain a dynamic threat library, while updated dashboards allow SOC and IR leaders

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom