CERAWeek
March 11-15, 2019 | Houston, Tx

General Electric’s (GE – Free Report) unit, GE Gas Power, has entered into a joint development agreement (JDA) with the Canadian company, Svante, to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. Simultaneously, GE made an equity investment in Svante for the latter’s U.S. $318-million Series E fundraising round in December 2022.

Svante Inc., considered to be a leader in carbon capture technologies, and General Electric (GE) Gas Power have partnered to to decarbonize natural gas-fired turbines. 

Venture capital investment slowed down in 2022 for many industries after reaching new highs in 2021, but that wasn’t the case for carbon mitigation. Last