ARPE-A awards BlueSwell Cohort IV member, atdepthMRV, $2.5 million in funding
Last week, ARPA-E announced the awardees of the $36 million SEA-CO2 program to further marine carbon dioxide removal techniques while reducing greenhouse gas pollution. The funding will support 11 projects across eight states to scale and deepen technology for marine carbon capture while accelerating the growth of novel climate solutions that have the potential to achieve President Biden's Investing in America Agenda to reach a net-zero economy by 2050.
One of the recipients is atdepthMRV, a member of BlueSwell Cohort IV, an accelerator program run by SeaAhead and the New England Aquarium
The Advanced Research Projects Agency-Energy (ARPA-E) within the Department of Energy supports early-stage, high-impact technologies before private investment. ARPA-E's funding aims to advance new and novel approaches to generating, storing, and using energy.
Dr. Carlos Muñoz-Royo, atdepth MRV co-founder and CEO, explains what the funding means for advancing carbon capture technology.
"The ARPA-E funding is excellent news for the marine Carbon Dioxide Removal (mCDR) industry,” Muñoz-Royo said. “Developing a Measurement, Reporting, and Verification (MRV) solution that is highly accurate, trusted, scalable, and cost-effective is one of the great challenges we must overcome to enable the scaling of mCDR."
This MRV solution is exactly what Muñoz-Royo hopes to achieve with the ARPA-E funds.
"The generational leap in performance enabled by these new models creates an unprecedented opportunity to rethink operational ocean modeling,” Muñoz-Royo said. “Over the next few months, we will be working on developing, validating, and deploying our digital twin of human interventions in the ocean."
BlueSwell, a partnership between SeaAhead and the New England Aquarium, takes a whole-ocean approach to fighting climate change and advancing the blue economy. The program bridges gaps between innovators, ocean experts, industries, and the venture community.
BlueSwell leverages SeaAhead's bluetech domain expertise, network, and experience in building companies and the Aquarium's 50-plus-year history of using marine science to protect the ocean and marine animals from converting ocean-focused concepts into profitable, sustainable businesses.
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Please see the resources below to learn more:
About atdepth MRV
atdepth MRV is building a highly scalable, GPU-based, data-assimilating modeling system to provide cost-effective Measurement, Reporting, and Verification (MRV) for marine Carbon Dioxide Removal (mCDR). Our innovative approach leapfrogs traditional CPU-based approaches and enables accurate, real-time, continuous MRV for delay-free carbon credit issuance and operational scalability to a $1T USD mCDR industry.
About SeaAhead
SeaAhead is a benefit corporation founded in Boston with the mission of supporting venture innovation for the ocean. We are creating a bluetech startup platform, helping to build companies through our BlueSwell incubator, facilitating investments through the Blue Angels, and catalyzing a bluetech cluster in the Northeast. Our ecosystem includes technologists, scientists, startups, foundations, corporations, governments, and other ocean stakeholders who are coming together to create positive ocean impact and scaling solutions with ocean-centric approaches to the challenges of climate change.
About New England Aquarium
The New England Aquarium is a nonprofit research and conservation organization that has protected and cared for our ocean and marine animals for over 50 years. We provide science-based solutions and help shape policies that create measurable change to address threats the ocean faces. We inspire action through discovery and help create engaged, resilient communities.
