Tokyo Gas invests in Global Thermostat to accelerate DAC

Tokyo Gas invests in Global Thermostat to accelerate DAC

Tokyo Gas Co. is investing in Global Thermostat in order to accelerate Direct Air Capture (DAC) of carbon dioxide (CO2).

Acting through its wholly owned subsidiary Acario Investment One, of Menlo Park, California, Tokyo Gas becomes the first Japanese energy company to invest in Global Thermostat. Details of the deal were undisclosed.

Through this investment and collaboration, Tokyo Gas will deploy Global Thermostat’s system in Japan for the first time, carrying out carbon capture tests, and advancing the practical deployment of the technology. It will also seek to develop future decarbonized energy businesses in Japan and abroad by using the captured carbon dioxide for processes such as methanation, carbon sequestration, and other applications.

Kentaro Kimoto, Senior Managing Executive Officer and Chief Executive of the Digital Innovation Division for Tokyo Gas, said Denver-based Global Thermostat’s technology will be essential to the transition to a decarbonised society.

He said, “Through this partnership, we will develop solutions to achieve the Net Zero goal in our management vision, ‘Compass 2030,’ and contribute to the Japanese government’s goal of realising a ‘carbon-neutral and decarbonised society by 2050.”

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