Climate tech startup Equatic announced that it has raised $11.6 million in a Series A funding round, with proceeds from the financing aimed at scaling up its seawater electrolysis technology enabling carbon removal and green hydrogen production.
Founded in 2021, California-based Equatic has developed an electrolytic process for atmospheric carbon removal that accelerates the ocean’s ability to absorb and permanently store massive amounts of carbon, while producing carbon negative hydrogen as a co-product. Equatic’s process pumps seawater into an on-shore plant, and uses renewable energy to split the seawater into four hydrogen, oxygen, acid, and base streams,
