Carbon capture and removal solutions provider, Svante Technologies Inc. (Svante), announced today that it has been recognized on the XB100, a notable ranking of the world’s top 100 private deep tech companies, published by XPRIZE and Bessemer Venture Partners. The company has also been recognized as a finalist in the BC Tech 2023 Technology Impact Awards (TIAs).
Svante has been headquartered in BC, Canada since 2007 and has made sizable advancements in the carbon capture, utilization and storage (CCUS) space since then.
The company manufactures nanoengineered filters and machinery that capture and remove carbon dioxide (CO2) from industrial facilities and the air, effectively stopping the greenhouse gas from contributing to climate change. Some of Svante’s most recent announcements over the past two years, include:
The closing of its record-breaking $318M USD Series E fundraising round in December 2022 lead by Chevron New Energies and Temasek with participation from other existing and new investors;
New collaborations with GE,3M, Carbon America, Pilot Energy, and more – each collaboration focused on accelerating the development and deployment of carbon capture, utilization, and storage (CCUS);
The startup of a pilot plant featuring Svante’s novel metal-organic framework (MOF) technology to capture 25 tonnes of CO2 per day from a Chevron facility in California;
New executive appointments, including Richard Laliberté as Chief Operating Officer, Matt Stevenson as Chief Revenue Officer, and Andrew McLeod as Chief Commercial Officer and General Counsel;
$25M funding from the Canadian Federal Government’s Strategic Innovation Fund (SIF) – Net Zero Accelerator Program for the construction of a first commercial scale filter manufacturing facilities in Vancouver, Canada.
“The companies on the XB100 list represent the most valuable and impactful private companies in the deep tech sector,” said Tess Hatch, partner at Bessemer Venture Partners. “The XB100 awardees defy imagination and will reshape the human experience.”
The XB100 celebrates businesses and entrepreneurs who are commercializing scientific research into deep tech and making a meaningful impact on society. The XB100 evaluation process involved ranking companies across four factors: impact on humanity, valuation, scientific difficulty, and commercial traction.
At the same time as the XB100 listing was announced, The BC Technology Impact Awards, featuring companies who have achieved exceptional success in the past year, declared Svante as a finalist in the “Gamechanger – Climate Hero” category.
“Seeing our company’s achievements be recognized in the XB100 and 2023 Technology Impact Awards is truly invigorating for us,” said Claude Letourneau, Svante’s President & CEO. “I attribute our advancements in the industry to our brilliant and dedicated team of people, partners, and investors. We are passionate about helping the world achieve net zero with innovative engineered solutions for carbon capture and removal. Awards like these are appreciated by all of us.”
