In April, Nova Scotia’s Planetary Technologies won the XPRIZE Carbon Removal XFACTOR Award, receiving $1 million for pioneering work in seawater restoration to combat climate change. The recognition followed a Series A raise of capital in 2024. Planetary’s approach aims to restore the ocean’s natural ability to absorb carbon dioxide attempting to rebalance seawater chemistry. […]
Planetary Technologies
Planetary Wins $1 Million XPRIZE Award for Climate Innovation
Nova Scotia’s Planetary has been named a winner of the prestigious XPRIZE Carbon Removal XFACTOR Award, receiving $1 million in recognition of its pioneering work in seawater restoration to combat climate change. The award underscores the growing importance of ocean-based solutions in the global fight to remove carbon dioxide from the atmosphere. Launched in 2021, […]
Planetary Technologies Raises $11.35M to Scale Ocean Carbon Removal
Halifax’s Planetary Technologies has announced the successful completion of its Series A funding round, raising USD $11.35 million to advance its pioneering work in ocean carbon dioxide removal and storage. The round was led by Evok Innovations, with participation from new investors BDC Capital, Amplify Capital, and DNX Ventures, further bolstering the company’s mission to […]