- Terradot, a leader in carbon removal, and HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, today announced the close of a $34 million senior secured term loan to support Terradot’s enhanced rock weathering (ERW) projects in the US and Brazil.
- The projects are supported by fixed-price, multi-year offtake agreements with Frontier, a coalition that includes Google, Salesforce, JPMorgan, Shopify, and Stripe, among others. The investment is also supported by carbon delivery insurance from CFC, arranged through Marsh.
- “Lenders only back what they can predict,” said Julia Sekula, CFO and Co-Founder of Terradot. “With contracted demand and years of field data that let us bound risks and forecast delivery, this investment marks an important step in bringing project capital to enhanced rock weathering and building the operating record for larger deployments.”
Read the full news here: Terradot and HASI Close $34M Investment for Carbon Removal Projects