GE has invested in Svante
GE and Svante collaborate on solid sorbent carbon capture
Companies agree to develop applications of Svante’s novel technology for gas-fired power plants
Turbine manufacturer GE Gas Power has agreed to work with Canada-based carbon capture technology company Svante on the development of the latter’s solid sorbent-based carbon capture technology for deployment at gas-fired power plants. The agreement comes after GE made an equity investment of $318mn in Svante as part of the Canadian company’s latest fundraising round. Svante’s carbon capture filters are made by coating solid adsorbents, including metal-organic frameworks, onto thin sheets of laminate. The joint development agreement with GE will focus on gas-fired generation, although the system can be used in about 85pc of existing CCS applications, including refineries and plants producing
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