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Stockholm Exergi Lands World's Largest Permanent Carbon Removal Deal With Microsoft

Swedish energy company Stockholm Exergi and Microsoft have announced a 10-year deal that will provide the tech giant with more than 3.3 million tons of carbon removal certificates through bioenergy with carbon capture and storage. While the value of the deal was not disclosed, it stands as the large...

Carbon Herald reports: Scheduled to commence in 2028 and span a decade, the agreement underscores a pivotal moment in combatting climate change. Anders Egelrud, CEO of Stockholm Exergi, lauded the deal as a "huge step" for the company and its BECCS project, emphasizing its profound implications for climate action. With environmental permits secured and construction set to commence in 2025, Stockholm Exergi plans to reach the final investment decision by the end of the year.

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