15. Mai 2025|
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|7 months agoSwiss Climate Tech Pioneer Climeworks Faces Major Downsizing
Leading carbon capture startup Climeworks announces significant staff cuts amid financial constraints, highlighting challenges in Switzerland's climate innovation sector.
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Generated IllustrationKey Takeaways
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- Climeworks has raised $810 million in funding to date
- Climeworks currently has 498 employees
- The company plans to lay off more than 10% of its workforce
- US expansion plans in Louisiana are currently on hold
- Climeworks operates two plants in Iceland: Orca (since 2021) and Mammoth (since 2024)
By The Numbers
469
Planned new jobs in Louisiana project
500 million
US Department of Energy commitment in USD
105
Tons of CO2 captured by Mammoth in first year
36,000
Planned annual CO2 capture capacity of Mammoth in tons
They Said
"Our financial resources are limited"
"We found that the numbers don't make sense. They claim to capture more CO₂ than they actually do"