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Congratulations to our member Dioxycle on being selected as one of the eight carbontech startups by The Carbon to Value Initiative (C2V Initiative) for the third year of its carbontech accelerator program.

Dioxycle is a French company specialising in converting CO₂ into valuable products using low-temperature electrolysis. Launched in 2021, the company has secured over €9 million in pre-seed stage financing, including support from the Breakthrough Energy Fellowship program, founded by Bill Gates and Lowercarbon Capital.

Dioxycle’s turn-key solutions are designed to convert carbon emissions into valuable and sustainable chemicals and feedstocks, which are conventionally produced from fossil fuels. The company’s high-performance CO₂ electrolysis core technologies only use decarbonised electricity, CO₂ and water to produce carbon-based products such as materials, plastic and fuel precursors.

After finalising a laboratory prototype capable of converting over 10 kg of CO₂ per day in 2022, Dioxycle plans to set up its first on-site demonstrators in 2023 and scale up the technology and increase its TRL through further pilots.

The other selected startups are

🟢 C-Quester
🟢 Capro-X Inc.
🟢 Capture6
🟢 Carbon To Stone
🟢  enaDyne
🟢 Global Algae Innovations
🟢 TerraFixing

The C2V Initiative is a multi-year collaboration among The Urban Future Lab (UFL), Greentown Labs, and the Fraunhofer USA. This partnership is driving the creation of a thriving innovation ecosystem for the commercialisation of carbon tech—technologies that capture, convert and sequester carbon dioxide (CO₂) into valuable end products or services. The C2V Initiative is supported by the New York State Energy Research and Development Authority (NYSERDA), our member Fluor, and the Carbontech Leadership Council members.

Please find the full PR here.