This Week in Startups

Next Unicorns: The Path to Reaching Net Zero with Avnos CEO Will Kain | E1810

34 snips
Sep 15, 2023
Guest
Will Kain
Will Kain, CEO and founder of Avnos, leads a hybrid startup focused on carbon removal and water production. He dives into the critical role of direct air capture technology in combating climate change and the urgent need for innovative solutions. Kain discusses the impact of CO2 levels on our planet and the economic implications of reaching net zero emissions. He highlights Avnos' unique hybrid approach to carbon capture, emphasizing energy efficiency and water generation, setting a hopeful tone for a sustainable future.
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INSIGHT

Net Zero Goal

  • Global CO2 emissions are still rising despite a brief slowdown during COVID.
  • Reaching net zero by 2050 requires herculean efforts and technological advancements.
ADVICE

Monetizing Carbon Capture

  • Avnos's main monetization comes from the 45Q tax credit, paying $180 per ton of CO2 stored underground.
  • The challenge is reducing the cost of CO2 capture to $100 per ton.
INSIGHT

Cost Breakdown of CO2 Capture

  • The cost of Avnos’s CO2 capture is split between capital expenditures and operating expenses.
  • Water production, reduced heat input, and manufacturing efficiency help lower costs.
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