Terra CO2 Technology, a Golden, CO-based provider of a scalable low carbon alternative for cement production, raised $46M in Series A funding.
The round was led by Breakthrough Energy Ventures , and LENx. BEV, with participation from Lennar, Creative Ventures, and Rio Tinto.
The company intends to use the funds to accelerate research and development in low-carbon material science, scale the organization, and continue commercializing plant technology that will support the manufacturing of its future products, including OPUS SCM (Supplementary Cementitious Material), and OPUS BCM (Blended Cementitious Materials), its first commercial products.
Led by CEO Bill Yearsley, Terra CO2 is a scalable low carbon alternative for cement production. Its technology allows the company to create cementitious materials from a wide variety of feedstocks or waste products, reducing the greenhouse emissions caused by cement production.
The company currently has two pilot plants in operation, with plans to break ground on its first commercial plant in 2023; capable of producing 250,000 tons of product annually. Third-party laboratories, including WesTest, a subsidiary of Atlas, and Braun Intertec, have tested and validated Terra’s materials.