Carboncap joins laci
Los Angeles and Camarillo, CA - January 1, 2017
CarbonCap announced today that it was accepted as a portfolio company into the Los Angeles Cleantech Incubator, also known as LACI. LACI is the #3 cleantech incubator in the world, and #1 in the United States for support and programs for portfolio companies.
"We've already seen immediate benefits with mentoring, introductions, and other services provided by LACI," said Ed De Reyes, co-founder and general manager of CarbonCap.
After a rigorous screening and due-diligence process that took several months to complete, CarbonCap was accepted into the LACI family of portfolio companies on January 1, 2017.
"We specifically worked for the last several months to gain acceptance into LACI," said De Reyes. "It's not only an honor to be accepted, but also privilege because they only accept 1% of all applicants, and some companies try 4 and 5 times before being accepted. We worked hard and were accepted on the first attempt," De Reyes continued. "LACI saw that our technology and business model make us an ideal candidate for any cleantech incubator - and we wanted to join the best incubator in the world. We're very happy that we were accepted into the LACI family."
CarbonCap is a Southern California, woman-owned start-up that removes CO2 from industrial smokestack gases on a fee-per-ton-removed basis. The fee charged industrial clients is typically less than the price of a carbon credit on the Carbon Exchange, and client companies can sell their credits on the Exchange and pay for the removal fee. This way, industries can eliminate their carbon tax liabilities, eliminate the need to expend CAPEX -- and realize a revenue-neutral to revenue-positive way to clean up the most abundant component of greenhouse gases: CO2.