Investment Year:
2026
Why we invested:
NeoCarbon is pioneering a new approach to carbon removal by integrating direct air capture technology directly into datacenter cooling systems, turning waste heat that would otherwise be vented into the atmosphere into a productive input for capturing CO2.
Operating from Berlin with plans to expand into Greece, NeoCarbon has developed a patented hollow fiber platform that leverages low temperature data center waste heat to capture carbon from ambient air. The technology simultaneously reduces cooling energy consumption, produces water and helps operators comply with EU waste heat mandates coming into force from 2026.
With a validated pilot, strong engagement from leading datacenter operators and applications extending into desalination and e-fuels, NeoCarbon is well positioned to scale across the rapidly expanding European datacenter, e-fuel and desalination markets.
Investing For Purpose backed NeoCarbon to support the commercialisation of a genuinely differentiated climate technology that addresses carbon removal, water scarcity and energy efficiency in a single integrated solution.
"As datacenters grow to power the AI revolution, so does their waste heat. NeoCarbon turns that liability into climate action. That's the kind of impact-driven solution we look for at IFP"
— Yiannis Tsepis