Since its launch in 2020, the C2V Initiative has facilitated over 150 new connections between its 18 startup alumni, Carbontech Leadership Council (CLC) members, and our rich carbontech network. C2V Initiative startups have collectively raised over $340M in funding since they entered the program.

Before we begin Year 3, let’s take a closer look at Year 2’s progress and outcomes.

Due to the buildup over time of excessive, long-lived carbon emissions, commercializing carbontech — technologies that capture and convert carbon dioxide (CO₂) into valuable end products or services — is now necessary to meet global climate goals. This is why the Urban Future Lab, Greentown Labs, and Fraunhofer USA partnered with NYSERDA in 2020 to launch the Carbon to Value (C2V) Initiative — a first-of-its-kind collaboration. This three-year, multi-stakeholder program aims to create a thriving innovation ecosystem for the commercialization of carbontech. After the completion of our first year in 2021, and ahead of our second year in 2022, it’s a perfect time to look back at the main outcomes and lessons learned and look ahead to where this new innovation sector is headed.