Ceal partners with seawater-cooled power plants to extract CO2 and calcium from the water running through the plant. It’s a win-win. By softening the water, the plant’s efficiency jumps by 4%. In an electrochemical process developed at Professor Charlotte Vogt’s lab at the Technion, the CO2 and calcium are transformed into calcium carbonate, which can be sold for $110M annually per plant. 

At IndieBio, we are always looking for climate technologies that don’t require new capex – and Ceal is a perfect example of what we love: using the power plant infrastructure that already is in place. 

Their first customer is the Israeli Electric Company, with a pilot at Orot Rabin, the largest power station in Israel. When operating at full scale, Ceal will help Orot Rabin sequester 500,000 tons of CO2 a year, improving the carbon footprint of the plant by 10%. It can generate these carbon credits at a COGS of only $30 a ton.

There are 1,100 seawater-cooled power plants in the world. Ceal has the potential to get to $1B in revenue with just 7 utilities as customers. 

We’ve spent years looking for the single best way to take CO2 out of the oceans, and make money while doing it. It turns out, we needed to finally look at built infrastructure that already is letting the ocean water in.