Extantia’s founders already move the needle. Each company addresses a Gigaton CO2 market either directly or by serving as a significant enabler.
Portfolio
GA DRILLING
GA Drilling enables geothermal energy production, the missing element in our renewable energy mix, anywhere. Currently, ultra-deep geothermal drilling is cost prohibitive at greater depths. GAD has developed the first drilling equipment specifically designed to meet the challenge of unlocking thousands of gigawatts of energy at costs below any other baseload source.
Here is why hot rock energy is so important:
73
of global CO2e emissions are linked to energy generation. The usage is by far the biggest contributor to global CO2e emissions.
4
less space is needed for geothermal plants to produce the same energy as solar.
10
is the depth needed for super hot rock energy, which GAD’s plasma drill can reach.
United Nations Sustainable Development Goals*:
BLOOM
Bloom is the first company to valorise lignin at commercial cost. By extracting lignin, cellulose, and hemicellulose straight from biomass, they will help to transform entire value chains in the aviation, shipping, fragrance, aromatics, and plastics industries which currently rely heavily on petrol-based chemicals.
Here is why we need substitutes for petrol-based chemicals:
12
of global oil demand is because of fossil fuel-based chemicals, making them a major driver for the fossil fuel industry.
30
of marine fuel is petrol-based aromatics. Those aromatics can be replaced by Bloom’s plant-based alternatives.
99
of all plastics today are made from fossil fuel-based chemicals.
United Nations Sustainable Development Goals*:
BETTERIES
Electric vehicles are on the rise and so is the potential pile of hard-to-recycle lithium-ion batteries. By a process of dismantling and reassembling, betteries has found a way to give those batteries a much-deserved second life and hence make e-mobility significantly more sustainable. The upcycled battery packs provide power in frontier markets and are an affordable alternative to fossil fuels.
This is why we need to start reusing car batteries:
230
electric vehicles are predicted to be on roads by 2030. All these car batteries will then need to be recycled or reused.
80
capacity is when car batteries are being taken out of electric vehicles because they don’t reach their promised range anymore.
2
life uses for electric car batteries increase their lifespan and reduce their footprint.
United Nations Sustainable Development Goals*:
INERATEC
INERATEC is a 2016 spin-off from KIT university that builds and sells modular chemical plants for the production of sustainable fuels such as e-kerosene, CO2-neutral gasoline, and clean diesel. These are extremely important for hard-to-decarbonise planes and ships.
Here is why e-fuels are so crucial:
5
of global energy-related CO2 emissions are from the marine and aviation industry.
4
more space is needed to store hydrogen vs. kerosene so hydrogen planes need to be designed from scratch and won’t be market-ready earlier than 2050. Low emission e-kerosene can bridge that gap.
28
of supplied aviation fuels by 2050 must be e-kerosene according to the European Commission.
United Nations Sustainable Development Goals*:
H2Pro
H2Pro has developed a technology that allows the generation of affordable green hydrogen. Currently, green hydrogen is a lot more expensive than grey hydrogen, produced from natural gas. H2Pro will allow providing hydrogen to very hard-to-decarbonize sectors like steel production and aviation.
Green hydrogen as a key for the energy transition:
1
per kilogram will be the price of green hydrogen from H2Pro, which is about 6x cheaper than today.
29
of global CO2 emissions originate from industrial processes like steel and cement production.
700
dollars in green hydrogen sales are estimated for 2050.
United Nations Sustainable Development Goals*:
Modern Electron
Modern Electron aims to reduce the carbon footprint of homes, buildings, and industries currently heated via gas. They help consumers to save money, reduce carbon emissions, and increase resiliency during power outages.
The vital role of heating on our way to net-zero emissions:
50
of all energy consumption results from heating, which relies mostly on natural gas.
80
of today's buildings will still exist in 2050 and must be retrofitted by then.
50
of global emissions are caused by heat generation.
United Nations Sustainable Development Goals*:
LEKO labs
By integrating AI optimisation and robotics, LEKO labs produces wooden composites which can be used as an alternative to cement and steel in the building sector. Since wood naturally stores CO2, this can save gigatons of emissions.
Here is what makes wood such a great alternative to steel and cement:
10
of global GHG emissions stem from the production of cement, steel and iron.
39
of CO2 emissions come from buildings and construction.
75
of concrete and steel used in single building today can be reduced by LEKO's technology.
United Nations Sustainable Development Goals*:
BeZero
BeZero Carbon is a global ratings agency for the Voluntary Carbon Market. Its carbon credit ratings allow all market participants to price and manage risk. BeZero’s tools support buyers, intermediaries, investors, and carbon project developers. The company aims to create a universal language of risk, providing ratings and research for the whole market; and building the information architecture for ecosystem markets.
This is why an efficient carbon market is so important:
2
estimated demand forecasts for the Voluntary Carbon Market by 2030.
100
size of the VCM by 2030.
275
the cumulative capital spending on physical assets for the net-zero transition between 2021 and 2050.
United Nations Sustainable Development Goals*:
Reverion
Reverion unlocks the full potential of biogas as a clean, renewable, and reliable source of baseload electricity. A spin-off from the Technical University of Munich, Reverion’s novel closed-loop off-gas recovery fuel cell system doubles the power production of any biogas plant. Additionally, the same system adds hydrogen or methane buffering capabilities in times of excess renewable electricity in the grid enabling long-duration energy storage.
Efficiency of power production:
80
electrical efficiency, doubling the power production compared to combustion engines.
33
of Germany's power consumption (respective 20 GW) with fully-flexible biogas utilisation is possible.
16
of overall natural gas consumption to be replaced by green gas for long-term energy storage.
United Nations Sustainable Development Goals*: