Massive reduction in greenhouse gas emissions, notably through electrification of sectors reliant on fossil fuel will definitively not be enough. Large-scale carbon capture is unavoidable to cope with the hard to abate emissions and decrease the stock of past emissions.
Both actions will hardly compete for low carbon electricity, creating a bottleneck with other grid usage.
In other words it is impossible to solve the Carbon Capture equation without solving at the same time the required low carbon electricity production, at scale both problems become one.
Circeo designs semi-autonomous ocean drones to massively scale carbon capture without competing on land or other human needed resources. These drones will produce renewable energy from wind, and perform electrochemical processes on board resulting in atmospheric CO2 capture and sequestration for thousands of years.
Circeo drones will operate far-shore in unoccupied international waters, paving the way for an easier predictable ramp-up. An ambitious Gt annual target is at our hand with minor occupation of the oceans surface and without impact on current ocean usage and ecosystems.
Circeo development path, first prototype by mid 2027 and operational capability from 2030 is aligned with current consensus of market structuration and growth. Circeo's business model involves selling drones, licensing technology and selling carbon credits.