carbon capture

Microsoft staff have informed carbon removal developers that the company is pausing new purchases, a move that rattles a market in which the tech giant accounted for 96 percent of 2025 credit purchases.

JPMorgan commits to 60,000 tons of carbon removal credits from Graphyte, while Microsoft secures 626,000 tonnes from Canada's first Indigenous-owned BECCS project, as corporate buyers race to underwrite the next generation of carbon removal infrastructure.

The North Carolina startup says its electro-thermal sorbent system operates at more than double the efficiency of thermal competitors, with 3-5x lower capital costs, after years of DOE-backed development.

With the Stratos direct air capture facility in Texas targeting Q2 startup, California's first CCS project nearing injection, and Norway's Northern Lights expanding, the carbon capture industry is transitioning from pilot projects to commercial-scale operations in 2026.

Carbon TerraVault has completed construction of carbon capture equipment at Elk Hills and targets first CO2 injection in spring 2026, marking a milestone for California's carbon management ambitions.