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Parallel Carbon logo — Removing and Reducing Carbon, in Parallel Affordable Direct...

Parallel Carbon

Removing and Reducing Carbon, in Parallel Affordable Direct Air Carbon Capture and Clean Hydrogen Technologies

Founded 2021 United Kingdom Manchester, United Kingdom 12 employees Seed Total: $3.70M Renewable Energy, Semiconductor

General Information

Company Name Parallel Carbon
Founded Year 2021
Location United Kingdom Manchester, United Kingdom +1
Employees 12
Industries Renewable Energy, Semiconductor
Funding Stage Seed
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About Parallel Carbon

Parallel Carbon, founded in 2021, is a pioneering force in the Renewable Energy and Semiconductor sectors, headquartered in the United Kingdom. The company is committed to mitigating climate change through the innovative integration of Direct Air Capture (DAC) and Water Electrolysis technologies. Leveraging solar and wind power, Parallel Carbon aims to remove atmospheric carbon and produce clean hydrogen at groundbreaking cost-effectiveness, targeting under $100 per ton of carbon captured and $1 per kilogram of hydrogen by 2030.

The company recently secured a $3.60M Seed Round investment on 08 January 2024 from notable investors, including DNX Ventures, Aramco Ventures, Axon Partners Group, Rumbo Ventures, VOYAGERS.io, and Counteract. In a unique approach blending ancient geochemistry with cutting-edge electrochemistry, Parallel Carbon positions itself as a formidable player in the sustainable energy landscape.

Taxonomy: Direct Air Carbon Capture, Clean Hydrogen Production, Carbon Removal, Water Electrolysis, Renewable Energy Integration, Solar Power Utilization, Wind Energy Utilization, Climate Technology, Carbon Credits, Carbon Capture Utilization and Storage (CCUS), Emissions Reduction, Post-Fossil-Fuel Solutions, Geochemistry Technologies, Electrochemistry Innovations

Services & Products

Direct Air Capture
Water Electrolysis
Carbon Removal
Hydrogen Production

Target Customers

Environmental Agencies Governments Renewable Energy Companies Industries Looking to Reduce Carbon Footprint Investors in Green Technologies Sustainability Advocates

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 6
Investor Investor Investor Investor Investor Investor
08 Jan 2024
Grant •••••• 1 •••• •••• 15 Feb 2023
Seed Round •••••• 1
Investor
10 Apr 2022

Latest News

View All
Greenlyte raises €10.5m to reduce cost of carbon removal — Sifted
Greenlyte raises €10.5m to reduce cost of carbon removal
Sifted Mar 14, 2024

Parallel Carbon Alternatives & Competitors

Parallel Carbon vs
Kiwetinohk Energy Corp.
Kiwetinohk Energy Corp. Canada

We are an Alberta-based, growth-oriented natural gas, oil and power company, with two early-stage CC...

96 employees
Energy, Oil and Gas
Parallel Carbon vs
Hycamite
Hycamite Finland

Hycamite produces low-carbon hydrogen and high-quality carbon products by splitting methane.

Series Unknown
64 employees
Renewable Energy
Parallel Carbon vs
BayoTech Hydrogen
BayoTech Hydrogen United States

Low-cost, low-carbon hydrogen, supplied reliably. BayoTech makes hydrogen easy. www.bayotech.us

Series C
75 employees
Energy, Manufacturing

FAQ About Parallel Carbon

Removing and Reducing Carbon, in Parallel Affordable Direct Air Carbon Capture and Clean Hydrogen Technologies
Parallel Carbon was founded in 2021.
Parallel Carbon is headquartered in Manchester, United Kingdom.
Parallel Carbon operates in the following industries: Renewable Energy, Semiconductor.
Parallel Carbon has approximately 12 employees.
Parallel Carbon has completed 3 funding rounds, raising a total of $3.70M. The latest funding stage is Seed.
Parallel Carbon offers: Direct Air Capture, Water Electrolysis, Carbon Removal, Hydrogen Production.
Top alternatives and competitors to Parallel Carbon include Kiwetinohk Energy Corp., Hycamite, BayoTech Hydrogen, PuriFire Labs, Global CCS Institute. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Parallel Carbon and Kiwetinohk Energy Corp. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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