Microsoft's CDR Bet: The Vaulted Deep Deal Could Be Worth ~$1B
Microsoft just signed what might be the largest carbon removal contract in history — and nobody in Washington had anything to do with it. E&E News reports that Microsoft has agreed to store 4.9 million tonnes of CO₂ with Vaulted Deep, a Houston-based startup that uses geological storage. Neither party confirms the price, but industry experts estimate the deal could be worth approximately $1 billion. Vaulted Deep CEO Julia Reichelstein called the deal’s impact “Revolutionary.” ...