The most valuable VC-backed company in the carbon tech space is Crusoe Energy Systems, last valued at $1.75 billion. The company eliminates flared methane by using the waste energy to power cloud computing centers.
Carbon accounting platforms have also become popular targets for VC backing as corporations prepare for more stringent reporting requirements in the US and elsewhere. One such company, Watershed raised $70 million at a $1 billion valuation in February.
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