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April 19, 2023

Biden's climate bill lures carbon removal giant Climeworks to US

The Swiss scaleup confirmed it is expanding stateside to take advantage of the administrations generous subsidies


Freya Pratty

2 min read

Climeworks founders C.Gebald and J.Wurzbacher ©Climeworks, photo by Julia Dunlop

Swiss startup Climeworks, one of Europe’s best-funded climate techs, has confirmed plans to expand into the US. The company is set to benefit from President Biden's $369bn climate bill, the Inflation Reduction Act, which offers significant incentives for founders to take their businesses stateside.

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Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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