What is Avnos?
Avnos is an innovator in the Direct Air Capture (DAC) space, specifically distinguished by its proprietary Hybrid Direct Air Capture (HDAC) solution. Unlike traditional DAC methods that often require significant thermal energy and water resources, the Avnos system operates efficiently in water-scarce environments. By utilizing only air, electricity, and solid sorbents, the technology simultaneously captures CO2 and water, effectively eliminating the need for heat. This unique approach is designed to achieve the lowest Levelized Cost of Capture in the industry, making it a highly attractive proposition for industrial sectors seeking to decarbonize their operations and meet stringent sustainability mandates.
How much funding has Avnos raised?
Avnos has raised a total of $133M across 3 funding rounds:
Other Financing Round
$80M
Series A
$36M
Private Equity
$17M
Other Financing Round (2023): $80M with participation from Shell, JetBlue Technology Ventures, and ConocoPhillips
Series A (2024): $36M led by Envisioning Partners, Safran, Rusheen Capital Management, and NextEra Energy
Private Equity (2025): $17M supported by Shell USA and Mitsubishi Corporation
Key Investors in Avnos
Shell
Shell is a global group of energy and petrochemical companies. Shell helps to meet the world's growing demand for energy in economically, environmentally and socially responsible ways.
ConocoPhillips
ConocoPhillips is an American multinational energy company that specializes in the exploration and production of oil, natural gas, and related hydrocarbons.
NextEra Energy
NextEra Energy, Inc. generates, transmits, and distributes electric power to retail and wholesale customers in North America, with a heavy focus on wind, solar, and nuclear energy.
What's next for Avnos?
With the recent influx of capital, Avnos is poised to accelerate the commercialization of its HDAC technology. The strategic involvement of major energy conglomerates suggests a clear path toward integrating carbon capture solutions into existing industrial frameworks. Moving forward, the company will likely focus on scaling its manufacturing capabilities and deploying pilot projects that demonstrate the cost-effectiveness of its system at an enterprise level. As the global regulatory environment shifts toward mandatory carbon reporting and reduction, Avnos is well-positioned to capture significant market share by providing a sustainable, low-energy alternative to conventional carbon removal technologies.
See full Avnos company page
