1 Comment

Summary:

Carbon recycling startup Calera has been awfully quiet this year, but according to a filing it has raised another $10 million.

Khosla-Backed Calera Scoops Up $19M for Carbon Recycling

Carbon recycling startup Calera has been awfully quiet for months and hasn’t responded to my requests for info or interviews: I had reached out to the company because I have heard rumors that it has been struggling. But here’s the latest news: Calera, which is backed by Khosla Ventures and Peabody Energy, has recently raised another $10 million round, according to a filing.

This is Calera’s latest financing since it raised at least $65 million from investors. The four-year-old company also had been offered $19 million in stimulus funds for a pilot project last year. I’m not sure if the company went forward with that or not, because they needed to reach certain milestones and raise matching funds, and I haven’t been able to confirm anything with the company for months.

Calera has developed technology to capture carbon dioxide emissions from power plants, refineries and other industrial facilities, and, with the addition of wastewater or brine, use it to produce cement and other building materials. The company had been working on a demonstration project at a natural gas–fueled power plant near Moss Landing, Calif., and a second demo was in the works at a TRUenergy power plant in Australia’s Latrobe Valley. However, I’m not sure how far along or in the works those projects are. The latest official news from Calera was that it was planning to do some development work in China.

Brent Constantz, the founder and former CEO of Calera, stepped down from the board of directors in February and left the CEO position last year. Constantz is now working on a deep water desalination project in Monterey, Calif.

I have heard that when it is used as filler for cement, Calera’s technology produces cement that costs three times the cost of standard cement, so it’s been struggling to make the economics work. Perhaps the $10 million in equity will help Calera crack its market goals.

  1. [DocDocc] Carbon recycling startup Calera raises $10.6M http://t.co/Zw4IpZ1M via gigaOM

    Share
  2. Carbon recycling startup Calera raises $10.6M http://t.co/oYkzOJOU

    Share
  3. RT @katiefehren: Carbon recycling startup Calera raises $10.6M http://t.co/oYkzOJOU

    Share
  4. Carbon recycling startup Calera raises $10.6M: Carbon recycling startup Calera has been awfully quiet for months… http://t.co/hxrwLcSe

    Share
  5. Carbon recycling startup Calera raises $10.6M http://t.co/yWnHxCd2

    Share
  6. Carbon recycling startup Calera raises $10.6M http://t.co/Xs7KFvy6

    Share
  7. Carbon recycling startup Calera raises $10.6M: Carbon recycling startup Calera has been awfully quiet for months… http://t.co/6jBS8xog

    Share
  8. Carbon recycling startup Calera raises $10.6M http://t.co/VMen2z7V

    Share
  9. Carbon recycling startup Calera raises $10.6M http://t.co/B4gsM7on

    Share
  10. Carbon recycling startup Calera raises $10.6M: Carbon recycling startup Calera has been awfully quiet for months… http://t.co/pNSgo5N1

    Share
  11. Carbon recycling startup Calera raises $10.6M http://t.co/Q1ymulOP

    Share
  12. RT @katiefehren: Carbon recycling startup Calera raises $10.6M http://t.co/oYkzOJOU

    Share
  13. RT@Earth2Tech Carbon recycling startup Calera raises $10.6M http://t.co/ZNrlOblT

    Share
  14. RT@Earth2Tech Carbon recycling startup Calera raises $10.6M http://t.co/5OepTpH9

    Share
  15. Carbon recycling startup Calera raises $10.6M – Carbon recycling startup Calera has been awfully quiet this year, bu… http://t.co/n9nO1oIm

    Share
  16. Carbon recycling startup Calera raises $10.6M http://t.co/2Fz63j9a

    Share
  17. RT @katiefehren: Carbon recycling startup Calera raises $10.6M http://t.co/oYkzOJOU

    Share
  18. Carbon recycling startup Calera raises $10.6M http://t.co/rDwQpQXX

    Share
  19. Carbon recycling startup Calera raises $10.6M http://t.co/YzWdYvG1

    Share
  20. Carbon recycling startup Calera raises $10.6M: Carbon recycling startup Calera has been awfully quiet for months… http://t.co/pt5DjKAx

    Share
  21. Carbon recycling startup Calera raises $10.6M – GigaOm: Carbon recycling startup Calera raises $10.6M GigaOm Carbon… http://t.co/vPJwvRY2

    Share
  22. RT @katiefehren: Carbon recycling startup Calera raises $10.6M http://t.co/oYkzOJOU

    Share
  23. Carbon recycling startup Calera raises $10.6M – Carbon recycling startup Calera has been awfully quiet this year, bu… http://t.co/Hn2f8pAR

    Share
  24. RT@CleanTec Carbon recycling startup Calera raises $10.6M http://t.co/538KednZ

    Share
  25. Carbon recycling startup Calera raises $10.6M http://t.co/NFBF3Ds3

    Share
  26. Carbon recycling startup Calera raises $10.6M http://t.co/pQ0nTvTK

    Share
  27. RT @CleanTec: Carbon recycling startup Calera raises $10.6M http://t.co/ZZ2X4epg

    Share
  28. Carbon recycling startup Calera raises $10.6M
    http://t.co/skeuyRbQ

    Share
  29. Carbon recycling startup Calera raises $10.6M: 14, 2011, 12:09am PT No Comments Carbon recycling startup Calera … http://t.co/dNqgnoK9

    Share
  30. Carbon recycling startup Calera raises $10.6M – GigaOm http://t.co/Ob9Pe5Y5

    Share
  31. RT@StartupReport Carbon recycling startup Calera raises $10.6M – GigaOm http://t.co/zcUv25sA

    Share
  32. RT@StartupReport Carbon recycling startup Calera raises $10.6M – GigaOm http://t.co/kbYcnPSZ

    Share
  33. RT @StartupReport: Carbon recycling startup Calera raises $10.6M – GigaOm http://t.co/Ob9Pe5Y5

    Share
  34. RT @Earth2Tech: Carbon recycling startup Calera raises $10.6M http://t.co/Q1ymulOP

    Share
  35. Interesting marketing spin on concrete RT @Earth2Tech: Carbon recycling startup Calera raises $10.6M http://t.co/q6vbuxOo

    Share
  36. RT@cleantechvc Interesting marketing spin on concrete RT @Earth2Tech: Carbon recycling startup Calera raises $10.6M http://t.co/40M8iUFd

    Share
  37. RT @Earth2Tech: Carbon recycling startup Calera raises $10.6M http://t.co/Q1ymulOP

    Share
  38. Hello Katie, Calera, Mr. Constantz sure have been quiet for a while. At the Water Forum in Monterey Mr. Constantz really disappointed me.

    His proposal for desalinating ocean water from hundreds of feet below sealevel uses energy intensive Reverse Osmosis process, instead of the chemical desalination process he advocated previously. Wonder what went wrong?

    Besides that Nader Agha, owner of the Moss Landing property (previously Kaiser Refractories)where Constantz researched at Moss Landing Cement had a falling out and was evicted. Mr Agha also proposed a less expensive RO process, since some of the plant equipment is already there.

    I hoping that some brilliant chemist will invent a viable method of desalinating seawater using inexpensive chemical processes with several income streams and will blow seawater Reverse Osmosis out of the water and make RO obsolete.
    Perhaps that will stop the folly of Santa Cruz/Soquel Water from building a $140Million 2.5MGD RO desal plant, a “white elephant” as soon as a viable chemical process is developed.

    Share

Comments have been disabled for this post