Portfolio Perspectives – Scaling Svante

Share This Post

Portfolio Perspectives – Scaling Svante | OGCI Blog

In the race to reverse climate change, we are running out of time.

Global temperatures are expected to soon pass the UN threshold for “dangerous warming”. The reason for this is carbon dioxide and methane emissions. There’s too much of both these carbon molecules in our atmosphere, and the amount is predicted to increase for years to come.

Unless we choose to do something about it.

My focus for this post is the true nature of the problem we face. That problem is not – as is sometimes supposed – a lack of technology or an absence of human ingenuity. It is a problem of scale. We need to scale the existing and new technologies fast, and that means we need investment and support from the companies who best understand it.

That’s where our model fits in, and where the support of our members – the oil and gas companies who founded OGCI Climate Investments – is crucial.

Their investment is part of the story, of course, but it’s only the beginning. They understand the nature of the problem we face. They are investors, but they are also advisors, helping to guide new technology on its path to maturity. What’s more, once the technology is ready, they are its users and its customers. They provide a path to achieving scale.

One of our investments that has recently shown what the path to scale looks like is Svante, a company that captures carbon dioxide emissions directly from industrial sources, at half the cost of its competitors. Last week, Svante closed a $100 M funding round, with investment from Temasek, Chart Industries, Carbon Direct, Suncor Energy, DK Innovations, Export Development Canada (EDC) and existing investors OGCI Climate Investments, BDC Cleantech Practice, Chevron Technology Ventures, The Roda Group and Chrysalix Venture Capital, reflecting strong on-going support for the company, including its market strategy and recent progress.

Read Full Article

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

“It is empowering to know, given my Alberta heritage, our technology can change the climate impacts of the Alberta oil sands regions and generate significant additional economic benefits.”

Brett Henkel

Co-Founder and Vice President Strategic Accounts & Government Affairs

Brett Henkel’s unabashed optimism tempered by his mechanical engineering background and gas separation experience combine to bring a rare perspective to his position on Svante’s executive team.

Transferring the company’s breakthrough CO2 capture technology to customers’ sites will rely heavily on Brett’s strengths for identifying and understanding the technical and business details and relating those details to partners’ teams, approving agencies, and stakeholders.

As co-founder, he was instrumental in creating the process and the hardware used to prove the technology’s effectiveness as well as mobilizing external support throughout the path to becoming a successful innovation. These experiences strengthened his knowledge of business development and program management priorities.

Prior to launching Svante, Mr. Henkel was the program manager for QuestAir Technologies’ compact hydrogen production system with its partner, ExxonMobil. He is credited with designing the world’s first solenoid-driven rapid pressure swing adsorption test station.

Brett received his Bachelor of Science in Physics, with distinction, and a Mechanical Engineering degree from the University of Victoria.

Contact our Media Team

Thank you for your message.

Our team will reach out to you within 2 business days.