View original ↗on Carbon Herald
deal · 9 July 2024
Securing Energy for Europe ↔ InterEarth
Securing Energy for Europe: a firm purchase of other emerging (escape hatch; 3 records on the same thing → new code) removal from InterEarth.
SupplierInterEarth
Amount$8,250,000
Storage mediumunknown
Commitment typefirm
Deal structureofftake
Source pathway descriptionBiomass storage method involving growing and harvesting trees, then storing the biomass to prevent decomposition and combustion. The system cultivates high-biomass Australian dryland plants on low-rainfall farmland. Harvested biomass is securely stored to ensure long-term carbon sequestration. Described as 'reverse mining' involving repeatedly harvesting above-ground biomass of coppicing trees whi
Storage descriptionSecure long-term storage of harvested biomass to prevent decomposition and combustion
Project locationAustralia
NotesRevenue-sharing model partnership. InterEarth is Perth-based Australian climate-tech startup. SEFE is a major German energy player. Agreement includes plans to develop industrial-scale tree harvesters and advanced biomass handling and storage technologies for large-scale implementation.
Durability defaultedtrue
Watch these companies, see every deal like this, or ask about it.
A free account searches the whole database and saves records. Pro adds Ask, a watch list, totals, exports and the plugin for Claude and ChatGPT. New accounts get 14 days of Pro, no card needed.