Climate Action & Environment · · 14 min read

27 Climate Tech Companies to Watch for in 2023

Climate Tech is a term used to describe technology that helps to address the issue of climate change. Climate Tech can be divided into two main categories: mitigation and adaptation. Mitigation refers to technologies that help to reduce greenhouse gas emissions, such as renewable energy technologies

Climate Tech Startups to Watch for in 2023

Climate Tech Companies

Climate Tech is a term used to describe technology that helps to address the issue of climate change. Climate Tech can be divided into two main categories: mitigation and adaptation.

Mitigation refers to technologies that help to reduce greenhouse gas emissions, such as renewable energy technologies, and electric vehicles.

Adaptation, on the other hand, refers to technologies that help us to adapt to the changing climate, such as drought-resistant crops and flood-resistant buildings.

Climate Tech is an important part of the fight against climate change, and it will become increasingly important in the years to come.

As technology continues to disrupt and change the way traditional industries have operated, nature has yet to see the full force of disruption that technology has to offer.

In the coming years and decades nature will look, feel, and work differently.

As the world transitions itself from sustainability to regeneration, climate tech companies have a rare opportunity to solve multiple problems facing mother earth.

Below are some of the top climate tech companies around the world solving issues related to soil health, sustainable food systems, air quality, and regenerative energy solutions.

Climate Tech Companies to Watch for in 2023

Toucan Protocol

Toucan - Climate Tech Startups to Watch for

Toucan’s infrastructure brings programmable carbon to Web3, unlocking its potential for a regenerative economy.

Programmable carbon opens new opportunities for a regenerative and distributive economic system — one in balance with the planet’s boundaries.

For Web3 Builders – Join an ecosystem leveraging composable carbon for DeFi, NFTs, DAOs, and the metaverse.

For Supply Partners – Unlock newfound utility for carbon credits with secure and verifiable tokenization

For Climate Action – Participate in carbon markets and share your impact story with on-chain transparency.

Toucan’s infrastructure includes:

Toucan Bridge – Bring your legacy carbon credits on-chain making them composable with almost every DeFi protocol.

Toucan Meta-Registry – Carbon credits bridged into TCO2s share standardized data, regardless of the source registry. This breaks down market silos while improving accessibility and transparency.

Toucan Carbon Pool – Eligible TCO2s can be deposited into a Carbon Pool in return for fungible reference pool tokens (e.g. BCT). These highly liquid assets may then be redeemed back into TCO2s at any time.

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Patch - Climate Tech Startups to Watch for

Patch makes carbon removal as simple as writing a few lines of code. Build sustainable products with ease and put your climate goals on autopilot.

The API-based solution enables you to embed carbon footprint estimation and removal directly into your digital products and experiences.

You can also make bulk offset purchases through the easy-to-use dashboard.

The result is seamlessly neutralized business and end-user emissions via their vast partner network.

The latter includes a wide range of project types, from traditional nature-based projects一such as forestry, soil, and kelp一to frontier human-engineered carbon removal technologies—such as biochar, bio-oil, and mineralization.

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KoBold Metals

KoBold Metals - Climate Tech Startups to Watch for

KoBold Metals is developing artificial intelligence to improve the efficacy, efficiency, and sustainability of critical mineral exploration and development.

KoBolds principal investors are Breakthrough Energy Ventures, a climate technology fund overseen by Bill Gates, Jeff Bezos, and other global business leaders and Andreessen Horowitz, the premier Silicon Valley venture capital fund.

The mineral exploration company uses machine learning and other scientific computing techniques to increase the ethical supply of critical materials (i.e., Ni, Co, Cu, Li, Pt, and Pd) needed to build electric vehicles and personal electronics.

The sustainable and efficient development of new mines will be needed if electric vehicles are to become widespread, but before new ore deposits can be mined, they must be found.

KoBold is the first full-stack exploration company that combines the world’s top mineral explorers with an outstanding team of data scientists and software engineers to bring a comprehensive skill set to bear on exploration.

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Charm - ClimateTech

Charm uses plants to capture CO₂ from the atmosphere. They convert biomass into a stable, carbon-rich liquid and then pump it deep underground. This removes CO₂ permanently from the atmosphere, out of reach of wildfires, soil erosion and land use change.

How it works

Cellulosic biomass already captures 100+ Gt CO₂/year. Charm collects it and put it through a process called fast pyrolysis.

Charm’s fast pyrolyzers break down biomass into bio-oil, a liquid rich in carbon but low in energy content.

Charm prepares the bio-oil and injects it into EPA-regulated injection wells, where the bio-oil sinks and solidifies in place for permanent storage.

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Ivy Protocol

Ivy Protocol matches pre-certified carbon offset projects with the funding and resources needed to get started—quicker, reliable, and easier to manage.

Since the space of regenerative finance has only recently caught the world’s attention, some fundamental things need to happen to evolve this industry to something strong enough to become a regenerative backbone of our economy.

Ran by slow-moving NGOs, non-profits, and corporate investors for decades, there is a massive lack of speed, technology, transparency, and access in this space.

Ivy is on a mission to completely transform the way carbon projects are brought into existence—speeding up the funding process, opening up this asset class to the world, circling back capital gains to project owners while creating a transparent, vital, unprecedented funding flywheel for the carbon economy to get closer to creating a green asset strong enough to become a backbone for our economy.

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Travertine proprietary electrochemical process permanently converts carbon dioxide into a mineral while simultaneously producing sulfuric acid–the world’s most produced chemical–for use in critical element extraction and fertilizer production.

The process accelerates the Earth’s natural carbon cycle to precipitate carbonate minerals from carbon dioxide in the air, permanently storing carbon in the solid phase.

The company partners with mining and fertilizer companies to use sulfuric acid for extraction of lithium, nickel, cobalt, and phosphorous – elements that are critical to the renewable energy transition and to feeding the world.

The process recycles and reuses sulfate to eliminate a source of water and soil pollution while reducing the cost of industrial waste management.

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Carbfix captures CO2 and turns it into stone underground in less than two years through proprietary technology. The company’s mission is to be a key instrument to tackle the climate crisis and substantially reduce global CO2 emissions.

Trees and vegetation are not the only form of carbon drawdown from the atmosphere. Vast quantities of carbon are naturally stored in rocks.

Carbfix imitates and accelerates these natural processes, where carbon dioxide is dissolved in water and interacts with reactive rock formations, such as basalts, to form stable minerals providing a permanent and safe carbon sink.

The Carbfix process captures and permanently removes CO2. The technology provides a complete carbon capture and injection solution, where CO2 dissolved in water – a sparkling water of sorts – is injected into the subsurface where it reacts with favorable rock formations to form solid carbonate minerals via natural processes in about 2 years.

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Climate change doesn’t need to be a technology issue, it’s a problem of missing incentives. The world has the technology we need today to remove billions of tonnes of CO2 from the atmosphere. We need incentives to get more people involved.

Nori is building the financial infrastructure to grow carbon removal in supply and demand, and they’ll stop at nothing short of reversing climate change.

Currently, carbon removal prices are set by farmers. Soon, the price will be dynamically set by the market using the NORI Token.

100% of each tonne you pay for goes directly to supporting suppliers, while they collect an additional 15% transaction fee to keep the marketplace running.

Like a gift card, one NORI will always be redeemable for one tonne of carbon removal.

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Return Protocol

Everyone has tokens sitting around collecting dust. Stake to automatically fund climate action.

Return is building infrastructure for the regenerative economy. The vision is to empower any consumer, business or community to take transparent and value aligned climate action.

Everything they do stems from providing a simple and easy experience. Redefining what’s considered “climate action”.

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Flowcarbon operates at the intersection of carbon and crypto, leveraging Web3 to protect the earth’s natural carbon sinks.

Flowcarbon was founded and built by a team with collective experience across carbon, sustainability, and blockchain technology.

Their goal is to accelerate decarbonization through nature based climate solutions.

Realizing that key benefits of blockchain technology could be applied to the carbon markets, Flowcarbon set out to bring carbon on chain to create democratized access to offsets and incentivize high impact climate change mitigation projects.

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Carbyon is developing equipment to filter CO2 from the air and store it underground. The purpose of the company is to turn direct air capture into an affordable and scalable technology that can be used to turn the corner on climate change.

Recently, the Dutch start-up was named a Milestone Award winner of the XPRIZE for Carbon Removal. This $1 million incentive prize, funded by Elon Musk and the Musk Foundation, is part of the four-year global XPRIZE competition.

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Mission Zero

Mission Zero

Mission Zero was founded in June 2020 amidst the COVID-19 pandemic as a spin-out from Deep Science Ventures.

Mission Zero is developing direct air capture (DAC) technology that will recover high-purity CO2 from the air while incurring only a fraction of the costs and energy it takes to do so today.

This allows the company to unlock CCU & CCS markets in a decentralized manner, enabling many more players to join the journey towards Net Zero.

Carbin Minerals

Carbin Minerals unlocks the enormous carbon dioxide removal potential of mine waste. Their technology will enable mines to become massive carbon sinks, while producing the metals needed to drive the clean energy transition.

Certain mine tailings can permanently remove CO2 directly from the atmosphere through a process known as carbon mineralization.

Carbin Minerals has developed proprietary technologies to optimize and accelerate that process, creating the potential for gigaton-scale capture and permanent storage of atmospheric carbon dioxide.

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Monarch Tractor

Monarch Tractor - Climate Tech Startup

Monarch Tractor is making sustainable farming economically superior with the MK-V — the world’s smartest, fully electric autonomous tractor and with a world-class leadership team that have accelerated vision to product delivery in three years.

Farmers today face numerous challenges including labor shortages, effects of climate change, safety concerns, increased customer scrutiny for sustainability demands, government regulations, and more.

In addition to its electrification offerings, Monarch Tractor has implemented automation, machine learning, and data analysis to enhance farmer’s existing operations, increase labor productivity and safety, and maximize yields to cut overhead costs and emissions.

Monarch Tractor addresses these issues by combining electrification, automation, machine learning, and data analysis to enhance farmer’s existing operations, increase labor productivity and safety, and maximize yields to cut overhead costs and emissions.

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The mission of the Klima app is to make climate action simple for everyone. Millions worldwide are hungry for a way to fight climate change, but are not sure how to make a real impact. That’s where Klima comes in.

Your actions matter. From your sweater to your sandwich, there’s a carbon cost for everything you choose. Offsets help you rebalance the system and fund solutions for a better future.

Klima wants the right choice to be as easy as tapping a button. That’s why they built a climate app that’s simple, transparent, and downright joyful to use.

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Built using blockchain technology, veritree is the world’s first, fully integrated platform designed to transform the restoration space through technology. Veritree provides a comprehensive toolkit to restoration partners allowing them to collect and manage ground-level data and deliver it directly to all stakeholders.

Veritree makes it simple to incorporate Nature-Based Solutions into any business model.

Veritree provides the tools and technology to offer access to verified and transparent restoration projects.

On-the-ground data collect, aggregate, and management securely tracks and helps efficiently manage Nature-Based Solutions projects. Data is stored using blockchain technology and offline encryption making veritree one of the most secure data storage platforms.

Veritree’s system gives partners, their customers, and project funders the transparency needed to have confidence in their impact and, through interactive portals, bring this impact to life.

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Moss’s long term vision is to digitalize the whole global environmental system, and put it on blockchain: so that it becomes decentralized, efficient, fast, exponential.

MOSS.Earth is a leading global solution provider for climate action, that combines tailored consulting services with a software-as-a-service (SaaS) platform for company and product carbon footprints.

Moss also helps clients select the best conservation projects to offset carbon emissions. They use best-in-class technology and blockchain to maintain and track the integrity of environmental actions.

The world’s largest companies are offsetting with Moss: join the green revolution along with GOL Linhas Aéreas Cia. Hering Celo One River Asset Management SkyBridge Capital Arezzo&Co Clube de Regatas do Flamengo AMARO C6 Bank Mercado Bitcoin.

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Open Forest Protocol

Open Forest Protocol

The Open Forest Protocol (OFP) is changing how forestation (reforestation, afforestation and conservation) projects are monitored, verified and funded with blockchain technology.

The Open Forest Protocol is an open platform to transparently measure, verify and fund forestation projects.

Protect our climate. Scale forestation with digital transparency and trust.

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The Kolektivo Framework is a collection of institutional technologies that allow local communities to launch, finance, and govern their own regenerative economies.

For over 3 years, citizens of Curaçao, together with global partners, have researched and developed new models and technologies to power regenerative developments.

Out of this experimentation, Kolektivo emerged as a framework to enable communities to create complementary economies that fuel the regeneration of people and nature. ‍

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Handprint is on a mission to integrate positive impact into every business transaction. The team has built a platform that connects companies to fantastic causes they curate with the help of their global impact board.

Handprint digitizes these causes and, once they establish a direct impact connection with an interested company, they automate, integrate, report, and visualize the positive impact actions corporate clients facilitate.

Rather than making sustainability an afterthought, the team focus on regeneration of ecosystems and the rebuilding of communities. By aligning positive impact with companies’ purpose and values, their commitment is real, is long-term, and unwavering.

By integrating and automating the positive impact actions with strategic KPIs, they know that your business growth genuinely becomes good for the world.

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The mission of GreenStory has always been about helping consumers choose the more sustainable and ethical option. We all want to do the right thing but we need to know, and feel, the positive impact we’re making.

By providing a simple, credible and flexible impact marketing platform, GreenStory is bringing a sustainable way of doing business into the mainstream.

GreenStory combines supply-chain sustainability analysis with informative graphics and marketing strategies, making your business’ environmental choices stand out for all to see.

The interactive data and impact visuals will inspire brand-customer affinity, increase conversion rates, and highlight your business’ green choices.

GreenStory integrates the software with your e-commerce platform so consumers can experience carbon neutrality on each product page, every purchase email and beyond.

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Prometheus Fuels

Prometheus Fuels

Prometheus Fuels turns renewable electricity & atmospheric CO2 into zero net carbon gasoline, diesel, and jet fuel.

Prometheus Fuels is a fascinating company turning renewable electricity and atmospheric CO2 into zero net carbon gasoline, diesel, and jet fuel. They are committed to reducing greenhouse gas emissions and helping to mitigate climate change.

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By using Spirals validators directly fund public goods projects by allocating a portion of their yield rewards to a treasury governed by the membership community.

Any individual or DAO can choose to stake with validators running Spirals, turning their staking token balance into a climate impact funding machine!

Staking to a validator running Spirals allows one to receive normal staking rewards as well as voting rights, used to decide on core protocol changes, climate expert committee members, natural asset treasury management, and more.

Spirals wants to build a world where natural assets are properly valued and no longer an externality of our economic system.

A world where humanity recognizes that it is in their benefit to live within boundaries of our ecosystem. Where humanity as a whole flourishes, thriving equitably.

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Single Earth

Single Earth

Single.Earth’s main goal is to develop scalable business models that support nature conservation.

Protecting existing biodiverse forests is the most effective proven way to halt climate change and biodiversity loss.

Single.Earth was founded to tackle one of the most critical challenges facing humankind: the destruction of ecosystems that support life.

Until now, nature has been monetized primarily as raw material.

While healthy ecosystems have an enormous existential value, they have little value in the modern extractive economy, ultimately leading to the depletion of nature and natural resources on our finite planet.

What if nature could also be valued for its vital contributions to people, like clean air and climate regulation?

Single.Earth aims to shift the current paradigm and incentivize landowners to protect the ecosystems that make this planet habitable.

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Living Carbon

Living Carbon

Living Carbon’s mission is to responsibly rebalance the planet’s carbon cycle using the power of plants.

They believe the challenge of climate instability is the biggest opportunity for global mobilization ever. It is an opportunity to learn how to use technology to rebalance our ecosystems rather than further alienate us from them.

Living Carbon work with the inherent power of plants, informed by generations of scientific research, to restore ecosystems, improve biodiversity, and enhance the ability of photosynthetic organisms to draw down and store carbon from the atmosphere.

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Heirloom is removing 1 billion tons of carbon dioxide by 2035, using natural processes to engineer the world’s most cost-effective Direct Air Capture solution.

Naturally occurring minerals – alongside forests, soils, and the ocean – are one of our planet’s most vital carbon sinks. Over geological timescales, carbon dioxide in the air and water chemically bind to these minerals and permanently turn to stone.

Heirloom technology enhances this natural process, called carbon mineralization, to help minerals absorb CO2 from the ambient air in days, rather than years.

By combining the best of engineering and nature, we can offer the most cost-effective and scalable Direct Air Capture solution in the world.

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Lithos accelerates mineral weathering by spreading basalt on croplands to increase dissolved inorganic carbon with eventual storage as ocean carbonates.

Lithos technology uses novel soil models and machine learning to maximize CO₂ removal while boosting crop growth.

Basalt is the most abundant volcanic rock on earth, loaded with essential plant nutrients like iron, magnesium, phosphorus, and calcium. Applying basalt rock dust provides a steady nutrient flow to your field as it decomposes and sequesters carbon.

Silicate minerals in crushed basalt permanently remove carbon dioxide from the atmosphere through a natural process called “enhanced rock weathering”.

With 3 tons of basalt application you can capture up to 1 ton of CO2. The software optimizes both for crop yield and carbon capture — making your land as productive as possible while you earn revenue from carbon removal.

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