44.01

44.01 has developed a groundbreaking solution for permanently storing CO₂ in ultramafic rock formations. Their technology enables a safe, natural, and scalable form of carbon removal, addressing a key bottleneck in global decarbonization efforts.

The company’s method involves injecting CO₂-enriched water into deep rock formations, where the carbon is permanently mineralized. This approach provides a decentralized and scalable solution to carbon storage and has already been successfully demonstrated in pilot projects in the Middle East.

Norway’s strategic advantages
With extensive expertise in carbon storage from the oil and gas sector and geological formations well-suited for CO₂ mineralization, Norway is uniquely positioned to support 44.01’s growth. This investment aligns with Norway’s climate goals and strengthens Nysnø’s portfolio of companies driving the energy transition.

Backed by strong investors
44.01 is supported by a robust investor consortium, including Equinor Ventures, Amazon, Sumitomo, Siemens, Air Liquide, Apollo Projects, and Breakthrough Energy Ventures.