Bern – Neustark opened its first storage facility for CO2 in Germany in the 2023 financial year. The turnover of Bern-based ClimateTech rose by 250 percent year-on-year to 10 million dollars. 20 new storage locations are planned for 2024.
Neustark generated sales totaling 10 million dollars in the 2023 financial year, the Bern-based company specializing in the permanent storage of CO2 (carbon dioxide removal, CDR) announced in a press release. In a year-on-year comparison, this corresponds to growth of 250 percent. “By 2023, we will have successfully rolled out our innovative technology in Switzerland and abroad,” said Valentin Gutknecht, co-CEO and co-founder of Neustark, in the press release. “We were one of the first CDR providers to demonstrate that our business model of permanent CO₂ removal works both commercially and environmentally.”
In the past financial year, Neustark opened its first storage location in Germany. ClimateTech plans to open a further 20 locations in the current financial year, including in Austria. Neustark currently has 14 capture and storage sites with a total annual capacity of 5000 tons of CO2. This week, the company reached a new milestone, according to the press release: “The 1000th ton of CO2 has been permanently removed.”
The company, which was founded in 2019, aims to increase its total capacity to 1 million tons of CO2 per year by 2030. Neustark is also investing in new technologies. The communication mentions the development of mobile plants that can be used more easily by construction material recyclers. ce/hs
