Heimdal
Heimdal is a climate-focused industrial company based in Tulsa, OK, and Kailua-Kona, HI, developing technology for large-scale Direct Air Capture (DAC) of CO2, aiming to leverage tax credits for profitability in the United States.
Company History
Heimdal is an industrials company operating in the climate sub-industry. Since its inception, the company has focused on developing technologies for Direct Air Capture (DAC) of atmospheric CO2. Notably, Heimdal built a pilot facility in Hawaii that captures almost 40 tons of CO2 per year using exclusively renewable energy. The company aims to scale its innovative solutions to megaton-scale by 2030, benefiting from legislation that guarantees a tax credit for each tonne of CO2 removed. The company is supported by notable entities such as Y Combinator, MetaPlanet, and Cathexis Ventures.
Services
Heimdal specializes in the development, building, and scaling of Direct Air Capture (DAC) systems for CO2 removal. These machines capture and store atmospheric CO2 permanently. The technology is designed to be scalable to megaton levels by 2030, aligning with legislative incentives for tax credits on CO2 removal in the United States. Heimdal's solutions are built to operate using renewable energy, aiming to achieve profitable operations through government incentives and partnerships with organizations like CapturePoint LLC.
Key Projects
Heimdal has undertaken significant projects to advance its CO2 capture technologies. The pilot facility in Hawaii is a key project, capturing nearly 40 tons of CO2 annually using renewable energy. Another major initiative is Project Bantam in Oklahoma, developed in partnership with CapturePoint LLC. This commercial demonstration facility has a planned capacity to capture more than 5,000 tons of CO2 per year, and aims to become the largest DAC facility in the world. Project Bantam will be part of CapturePoint's Oklahoma Carbon Hub, with groundbreaking scheduled for early 2024.
Partnerships and Investors
Heimdal has formed strategic partnerships and secured investments from several high-profile entities and individuals. Y Combinator, MetaPlanet, and Cathexis Ventures are among its financial supporters. Investors in Heimdal include Sam Altman, Marc Benioff, and Yishan Wong. A critical partnership has been established with CapturePoint LLC, which is aiding in the development of Project Bantam and the broader carbon management infrastructure in Oklahoma.
Technology and Innovation
Heimdal is pioneering technology in the Direct Air Capture (DAC) of CO2 with a focus on scalability and renewable energy use. Heimdal's innovative approach includes building machines that can capture and store CO2 permanently. The goal is to upscale the direct air capture capabilities to hundreds of kilotons and eventually megatons by 2030. This technological approach is aligned with current legislation that provides tax credits for each tonne of CO2 removed, with Heimdal aiming to profitably capture CO2 within this framework.