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3Q 2023

Guidehouse Insights Leaderboard: Direct Air Capture Companies

Assessment of Strategy and Execution for 13 Direct Air Capture Companies

Carbon removal technologies such as direct air capture (DAC) will play a key role in the global push for climate change mitigation. By sucking CO2 directly from the air, DAC can be a negative emissions technology when run on renewable electricity and coupled with permanent CO2 storage. Alternatively, the captured CO2 can be used to reduce emissions from other sectors.

DAC projects currently account for about 5% of the carbon capture utilization and sequestration projects in operation, but the projects are very small scale, representing less than 0.02% of total installed global CO2 capture capacity. One reason most DAC projects are so small is that the technology is relatively immature and still undergoing testing and optimization. By 2015, only four DAC companies were operating around the world. Over the last five years, however, a flood of second-generation companies has entered the space with new and innovative technologies and approaches. Another impediment to DAC uptake is its high costs. While some DAC companies aim to cut expenses by planning large-scale projects to leverage economies of scale, others are taking a modular approach, preferring to deploy additional units as necessary in order to minimize initial upfront costs for a project.

This Guidehouse Insights Leaderboard examines the DAC offerings from 13 leading companies and measures them against one another to determine which are providing the most useful DAC solutions.

Top 10 Vendors

1. Climeworks

2. Carbon Engineering

3. Global Thermostat

4. Baker Hughes/Mosaic

5. CarbonCapture

6. Aircapture

7. Carbyon

8. Noya

9. Prometheus Fuels

10. Mission Zero

Pages 49
Tables | Charts | Figures 18
  • Which are the leading providers of DAC solutions?
  • How are these DAC providers developing their technology?
  • What is the estimated scaleup timeline for these technologies?
  • What are the characteristics of leading DAC solutions?
  • What are the prevailing business models being pursued by DAC providers?
  • How is the DAC market expected to develop?
  • Carbon management (sequestration) companies
  • Food and beverage companies
  • Cement makers and mineralization companies
  • Synthetic fuel producers
  • Buyers of CO2 offset credits
  • Renewable energy project developers

1. Executive Summary

1.1   Market Introduction

1.2   Vendor Selection

1.3   The Guidehouse Insights Leaderboard Grid

2. Market Overview

2.1   Market Definition

2.2   Market Drivers

2.3   Market Barriers

2.4   Market Trends

3. The Guidehouse Insights Leaderboard

3.1   The Guidehouse Insights Leaderboard Categories

3.1.1   Leaders

3.1.2   Contenders

3.1.3   Challengers

3.1.4   Followers

3.2   The Guidehouse Insights Leaderboard Grid

4. Company Rankings

4.1   Leaders

4.1.1   Climeworks

4.2   Contenders

4.2.1   Carbon Engineering

4.2.2   Global Thermostat

4.2.3   Baker Hughes/Mosaic Materials

4.2.4   CarbonCapture

4.2.5   Aircapture

4.2.6   Carbyon

4.2.7   Noya

4.2.8   Prometheus Fuels

4.3   Challengers

4.3.1   Mission Zero

4.3.2   Verdox

4.3.3   Sustaera

4.3.4   Carbominer

4.4   Followers

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study and Methodology

8.1   Scope of Study

8.2   Sources and Methodology

8.2.1   Vendor Selection

8.2.2   Ratings Scale

8.2.2.1   Score Calculations

8.2.3   Criteria Definitions

8.2.3.1   Strategy

8.2.3.2   Execution

  • The Guidehouse Insights Leaderboard Grid: Direct Air Capture Companies
  • Climeworks Strategy and Execution Scores
  • Carbon Engineering Strategy and Execution Scores
  • Global Thermostat Strategy and Execution Scores
  • Baker Hughes/Mosaic Materials Strategy and Execution Scores
  • CarbonCapture Strategy and Execution Scores
  • Aircapture Strategy and Execution Scores
  • Carbyon Strategy and Execution Scores
  • Noya Strategy and Execution Scores
  • Prometheus Fuels Strategy and Execution Scores
  • Mission Zero Strategy and Execution Scores
  • Verdox Strategy and Execution Scores
  • Sustaera Strategy and Execution Scores
  • Carbominer Strategy and Execution Scores
  • Vendor Scores
  • Vendor Scores on Strategy Criteria
  • Vendor Scores on Execution Criteria
  • The Guidehouse Insights Leaderboard Overall Scores
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