Grant - Verpond - Ocean Based Microalgae Cultivation to Remove Carbon Dioxide

We are excited to announce that Verpond is the next recipient of funds from our Climate Crisis Startup Equipment Fund. 

Verpond’s mission is to address harmful changes to global climates and drive their recovery. The company is developing a scalable and economical microalgae cultivation system, called OAACS®, for operation in biologically sparse areas of the oceans where it removes large amounts of carbon dioxide from the water. The company’s vision is to be operating over tens of thousands of square miles, or more, of the ocean in the next 10-15 years, regeneratively supplying biomass for conversion into products like fertilizers, feeds, foods, and fuels. These large production scales are necessary to generate products comparable in quantity to those currently made with the use of fossil fuels. The company is close to achieving proof-of-concept for OAACS in a laboratory scale-down model and needs to implement plans for improvements to the system’s semipermeable liner that enables uptake of the carbon dioxide from the environment. Verpond, along with one of its partners, the Nonwovens Institute, will use the grant from the Reimer Family to manufacture the improved liner and then test its performance in Verpond's labs to complete proof-of-concept.

We are very excited the Verpond team to utilize the $25k grant from the Reimer Family Climate Crisis to manufacture their next proof-of-concept.

If you are interested in our receiving a ‘no strings attached’ grant to cover equipment costs to tackle the climate climate crisis, please apply: https://www.reimerclimatecrisisfund.org/climate-crisis-startup-equipment-fund