Verdox: MIT spinoff Verdox secures $80M from Breakthrough Energy Ventures and others

In Massachusetts, Verdox, an electric carbon capture and removal company, announced $80 million in committed capital from a syndicate including Breakthrough Energy Ventures (BEV), Prelude Ventures, and Lowercarbon Capital. The investment will be leveraged to develop and deploy the company's novel electrochemical carbon capture technology. Verdox's core technology was developed by Prof. T. Alan Hatton [...]