High Hopes Labs aims to develop innovative carbon capture technology utilizing balloons to capture CO₂ from the atmosphere, focusing on scalability and cost-effectiveness.
Founded
2021
Location
Israel
HQ Country
Israel
Capture Medium Type
(No capture medium)
Regeneration Method
Temperature (cryogenic)
Purpose
High Hopes Labs aims to develop innovative carbon capture technology utilizing balloons to capture C...
Founding Date
2021-01-01
Team
CTO: Eran Oren, CMO: Nadav Mansdorf.
DAC Approach
High Hopes Labs employs an innovative method using balloons that ascend to high altitudes (approxima...
Sorbent Used
The technology does not use traditional sorbents; instead, it captures CO₂ by freezing it directly i...
Regeneration Method
The captured CO₂ is stored in a freezer compartment within the balloon and is converted back into ga...
Energy Costs
High Hopes Labs initially aims for a cost of $100 to $250 per ton for CO₂ capture, with long-term go...
Current Deployments
High Hopes Labs plans to deploy fleets of balloons, each capable of capturing one metric ton of CO₂ ...
Future Deployments
Large-scale deployment is contingent on significant funding.
Certification Status
While specifics regarding independent certification of their carbon credits were not mentioned, the company does have a patent for its carbon capture balloon technology granted by the United States Patent and Trademark Office.