- In March 2025, Skyfora, a Finnish company specializing in AI-powered weather forecasting, raised a funding round led by Ugly Duckling Ventures and LUMO Labs, with support from Voima Ventures and the EIC Fund. The investment will accelerate deployment of Skyfora’s Telecom GNSS Meteorology solution, which transforms existing cell towers into high-resolution weather sensors. This breakthrough enhances atmospheric data collection, supporting climate resilience, disaster response, and CO₂ monitoring. The funding reflects growing interest in environmental intelligence technologies as climate change intensifies
- In June 2024, the global carbon dioxide (CO₂) market was valued at approximately USD 10.71 billion and is projected to reach USD 11.29 billion by 2025, reflecting steady growth driven by rising industrial applications and advancements in carbon capture and utilization (CCU) technologies. While this valuation pertains to the CO₂ market itself, the expansion directly fuels demand for CO₂ monitoring solutions, especially in sectors such as energy, manufacturing, and healthcare. As industries increasingly adopt emissions tracking and automation tools, the need for accurate and scalable CO₂ monitoring infrastructure continues to rise
- In December 2023, Air Liquide announced plans to build one of Europe’s largest carbon capture and storage (CCS) units at its hydrogen production plant in Rotterdam, the Netherlands. Utilizing its proprietary Cryocap™ technology, the facility will capture CO₂ using a cryogenic process and connect to the Porthos infrastructure for permanent storage in depleted North Sea gas fields. Scheduled to be operational by 2026, the project represents a major investment in large-scale CO₂ management, with implications for the growing demand for CO₂ monitoring and automation solutions across industrial sectors
- In April 2023, Linde signed a long-term agreement with ExxonMobil for the off-take and permanent storage of 2.2 million metric tons of CO₂ annually from Linde’s clean hydrogen production facility in Beaumont, Texas. This collaboration marks ExxonMobil’s largest commercial CO₂ offtake agreement to date, supporting the development of a carbon capture and storage (CCS) network in the Gulf Coast. The project is expected to begin operations in 2025, and it underscores the growing importance of robust CO₂ monitoring infrastructure in enabling large-scale industrial decarbonization
- In March 2023, several large-scale carbon capture facilities became operational in the United States, signaling strong growth in the market for CO₂ monitoring equipment. Notable projects include the Blue Flint Ethanol plant in North Dakota, which captures over 200,000 metric tons of CO₂ annually through fermentation-based CCS; Linde’s Clear Lake facility in Texas, which supplies captured CO₂ for low-carbon methanol production; and the first 1,000 tCO₂/year direct air capture plants by Heirloom and Global Thermostat, marking significant milestones in scalable carbon removal technologies. These developments reflect rising demand for industrial emissions tracking and automation
