Statement issued by the company (Announcement)<\/p>\n
Puro.earth<\/strong>, a leading carbon-crediting platform for engineered carbon dioxide removal (CDR)<\/strong>, today announced it has raised \u20ac11 million in a Series B funding round led by Nasdaq<\/a> <\/strong>with participation from\u00a0Fortum Innovation & Venturing<\/strong>. Puro.earth<\/strong> will deploy this funding to strengthen the infrastructure that supports its best-in-class certification journey for suppliers. Key initiatives include enabling more frequent issuance of high-integrity carbon removal credits, facilitating offtake agreements, and advancing open integration of digital measurement, reporting, and verification (dMRV)<\/strong> tools.<\/p>\n The new investment builds on a period of strong growth and innovation at Puro.earth, highlighted by enhancements to its market-leading biochar methodology, the launch of an API enabling streamlined carbon removal trading through sales channels, strategic partnerships with leading organizations to facilitate CDR project financing, and the appointment of new leadership to accelerate carbon removal at scale. It reinforces Puro.earth\u2019s strategic mission to scale high-integrity carbon removal markets globally, solidifying its role as a leading standard and registry for scientifically rigorous and independently verified CO2<\/sub> Removal Certificates (CORCs)<\/strong>. By enhancing Puro.earth\u2019s customer offerings to meet rising demand for durable carbon removals, Nasdaq<\/strong> and Puro.earth<\/strong> are well positioned\u2014through their combined financial market and climate expertise\u2014to drive innovation and to scale the carbon market.<\/p>\n \u201cCarbon removal is evolving from innovation to infrastructure,\u201d said Jan-Willem Bode<\/strong>, President of Puro.earth. \u201cWith this latest round of funding, we\u2019re strengthening the systems that facilitate scale in CDR deployment and enhancing our customer offerings to better support the growing demand for durable engineered removals. Our approach is grounded in science, market discipline, and transparency. This is what our ecosystem of buyers and suppliers demands\u2014Nasdaq and Puro.earth are well-placed to meet this need by combining financial infrastructure and climate expertise to foster innovation and accelerate the carbon market growth.\u201d<\/p>\n \u201cWith this investment, we aim to accelerate our shared vision of enabling high-integrity carbon markets,\u201d said Fredrik Ekstr\u00f6m<\/strong>, Head of Carbon Markets at Nasdaq and Chairman of the Board at Puro.earth. \u201cTogether with Nasdaq’s efforts to advance the technological infrastructure of carbon markets, Puro.earth is delivering the transparency and operational capacity essential to making carbon dioxide removal (CDR) a credible and investable solution in both carbon and financial markets.\u201d<\/p>\n Puro.earth developed the first standard dedicated to engineered carbon removal in 2019 as part of Fortum\u2019s Innovation & Venturing unit. In 2021, Nasdaq became the majority owner of the company. To date, Puro.earth has issued more than 1 million CO2<\/sub> Removal Certificates (CORCs) – more than any other engineered CDR standard and registry to-date.<\/p>\n Puro.earth is the world’s leading carbon-crediting platform for durable carbon dioxide removal (CDR). Via the Puro Standard\u2019s rigorous carbon credit methodologies, suppliers that remove carbon dioxide from the atmosphere to durable storages for at least 100 years are certified and issued CO2 Removal Certificates (CORCs) into the transparent Puro Registry. CORCs are then purchased by ambitious corporations like Microsoft, Shopify, and Zurich Insurance, to help address climate change and neutralize residual carbon emissions. In 2021, Nasdaq acquired a majority stake in Puro.earth and together are driving forward the carbon removal industry \u2014 enabling new revenue streams and accelerating climate action.<\/p>\n Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on\u00a0LinkedIn<\/a>, on X\u00a0@Nasdaq<\/a>, or at\u00a0www.nasdaq.com<\/a>.<\/p>\n Fortum is a Nordic energy company. We generate and deliver reliable energy to our customers and the Nordic energy system while at the same time helping industries decarbonise their processes and grow. Our core operations comprise efficient and best-in-class low-carbon power generation, customer services, and heating and cooling. Fortum\u2019s power generation is already 99% from renewable or nuclear sources, with one of the lowest specific CO2-emissions in Europe. We are guided by our ambitious SBTi-validated emission reduction targets on our way towards net-zero by 2040. For our ~4,500 employees, we commit to be a safe and inspiring workplace. Fortum’s share is listed on Nasdaq Helsinki. fortum.com<\/p>\n Fortum Innovation & Venturing is focused on identifying and supporting breakthrough entrepreneurs, startups, and technologies that aim for a carbon-neutral future. Our investment portfolio includes companies that focus on solutions for flexibility, storage, optimisation, and emerging technologies that contribute to low-carbon energy and the decarbonisation of customers, industries, and societies.<\/p>\n -NDAQG-<\/p>\n AGENCIA EFE S.A.U.,S.M.E. shall not be liable for any information contained in this message and assumes no responsibility towards third parties in relation to its contents, being expressly exempt from any liability that the author may have in relation to the information in question. Agencia EFE reserves the right to distribute the press release on the news wire, or to publish it on EFE Comunica.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Statement issued by the company (Announcement) Strategic financing supports Puro.earth initiatives to accelerate carbon removal at scale Puro.earth, a leading carbon-crediting platform for engineered carbon dioxide removal (CDR), today announced […]<\/p>\n","protected":false},"author":198164071,"featured_media":48434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[125518],"tags":[],"class_list":["post-180959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire-en"],"acf":[],"yoast_head":"\nAbout Puro.earth<\/h2>\n
About\u00a0Nasdaq<\/h2>\n
About Fortum<\/h2>\n
Fortum Innovation & Venturing<\/h2>\n
Media inquiries<\/strong>\r\n\r\nPuro.earth<\/strong>\r\nCognito Media: puroearth@cognitomedia.com\r\n\r\nNasdaq<\/strong>\r\nMaarit Bystedt, +358 9\u00a06166 7274, maarit.bystedt@nasdaq.com\r\n\r\nFortum<\/strong>\r\nFortum Media Desk, +358\u00a0198 2843<\/pre>\n