Technology Category
- Application Infrastructure & Middleware - Database Management & Storage
- Infrastructure as a Service (IaaS) - Cloud Storage Services
Applicable Industries
- Recycling & Waste Management
- Renewable Energy
Applicable Functions
- Procurement
Use Cases
- Farm Monitoring & Precision Farming
- Predictive Waste Reduction
About The Customer
The customers of Watershed include Aledade, Boom Supersonic, Canva, SKIMS, Wise, and Zendesk. These companies are contributing to offtake agreements that will remove 112,000 tons of CO2 from the atmosphere and store them permanently underground between 2024 and 2030. Founding Frontier Members Stripe, Alphabet, Shopify, Meta, and McKinsey Sustainability, as well as Autodesk, H&M Group, and Workday, also contributed to the Charm purchases. These companies are accelerating decarbonization by supporting new technologies like permanent carbon removal and are having an outsized impact on the climate economy.
The Challenge
The challenge faced by Watershed and its customers was to accelerate decarbonization and contribute to the removal of carbon dioxide (CO2) from the atmosphere. The goal was to support new technologies like permanent carbon removal and have a significant impact on the climate economy. The challenge also involved broadening access to climate-critical permanent carbon removal technologies for Watershed customers. The customers aimed to remove 112,000 tons of CO2 from the atmosphere and store them permanently underground between 2024 and 2030. The challenge was to achieve these climate goals while building the next generation of climate technology.
The Solution
The solution was a partnership between Watershed and Frontier, which enabled Watershed customers to buy into Frontier at a wider range of commitment sizes. This broadened access to climate-critical permanent carbon removal technologies. The customers contributed to offtake agreements that will remove 112,000 tons of CO2 from the atmosphere and store them permanently underground between 2024 and 2030. The solution involved supporting Charm Industrial, a company that removes carbon from the atmosphere for 1000+ years through biomass carbon removal and storage (BiCRS) technology. Charm collects waste biomass left over from agricultural harvests or forest fire management and heats it to a very high temperature in an oxygen-deprived environment. The resulting bio-oil is then injected into EPA-regulated wells, where it sinks and solidifies permanently.
Operational Impact
Quantitative Benefit
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