OVERLAND PARK, Kan.--(BUSINESS WIRE)--Jun 3, 2024--
As new reports of a record spike in atmospheric carbon dioxide levels intensify climate change concerns, Black & Veatch has selected six startups to participate in its BV IgniteX Carbon Dioxide Removal (CDR) Accelerator – a provider of support to enterprises on the cutting edge of climate technology.
As part of the 12-week program, participants partner with Black & Veatch thought leaders and subject matter experts who provide consultation and support towards co-developing, piloting and/or marketing the new technology. Along the way they receive mentorship, access to the company’s vast industry network, product testing opportunities, pitch development coaching and investor introductions. The program culminates with a showcase where the entrepreneurs present their solutions and outline their value propositions and market opportunity.
“It was inspiring to see the diverse and novel approaches that so many promising startups are taking to address the tremendous challenge of climate change,” said Mark Vranicar, a manager in Black & Veatch’s sustainable process solutions practice. “Our experienced teams at Black & Veatch are ready to get to work with the technologies in this cohort to help scale their solutions into affordable, verifiable and widely deployable means of removing carbon dioxide (CO2).”
The six 2024 BV IgniteX CDR accelerator program participants – among more than 50 applicants – are:
Black & Veatch is teaming up with RTI International – a leading independent research institute – to provide technical and commercialization support to program participants.
Burnishing Black & Veatch’s decarbonization solutions status, the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management in August 2023 named the company among 13 semifinalists to receive a total of $1.3 million for commercialization programs that support technologies that remove carbon from the atmosphere, including direct air capture (DAC).
The DAC Energy Program for Innovation Clusters (EPIC) Prize is among several competitions hosted by the DOE and funded by the Bipartisan Infrastructure Law to support breakthrough DAC technologies. The prize sponsors incubator teams that provide creative, impactful solutions that support entrepreneurs and innovators in the DAC space.
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Follow us on www.bv.com and on social media.
About RTI International
RTI International is an independent, nonprofit research institute dedicated to improving the human condition. Clients rely on us to answer questions that demand an objective and multidisciplinary approach — one that integrates expertise across the social and laboratory sciences, engineering and international development. We believe in the promise of science, and we are inspired every day to deliver on that promise for the good of people, communities and businesses around the world. For more information, visit www.rti.org.
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KEYWORD: UNITED STATES NORTH AMERICA KANSAS
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SOURCE: Black & Veatch
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PUB: 06/03/2024 10:00 AM/DISC: 06/03/2024 10:00 AM
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