This not only highlights Ucaneo’s cutting-edge Direct Air Capture technology but also emphasizes its crucial role in helping industries transition to net zero. Ucaneo positions itself as a key enabler, helping both emerging and traditional industries to manage their CO₂ footprint by providing a robust and reliable solution to remove CO₂ from ambient air.

Ucaneo just launched its first industrial pilot at its premises, with a capacity of up to 30-50 tons of CO₂ per year—already making it one of the largest industrial DAC pilots in Germany. Aramco Ventures’ investment will accelerate Ucaneo to build Germany’s largest DAC demonstration plant, set to be commissioned in the first half of 2026. Beyond financial support, the investment also paves the way for potential joint deployments of future commercial plants.

Florian Tiller, Ucaneo co-founder and CEO, stated: “We are thrilled to welcome Aramco Ventures as one of our investors. For us, it was essential to find a partner who not only supports our scaling efforts but is also deeply committed to playing a leading role in the energy transition. Only through impactful scale and strong partnerships can innovative technology developers like Ucaneo enable the world to build a real net-zero economy.“

Bruce Niven, Executive Managing Director at Aramco Ventures, added: “Direct Air Capture, if achievable at a competitive cost, could play a crucial role in global decarbonization. Ucaneo’s approach, leveraging novel solvents and renewable energy-driven electrochemistry, has the potential to deliver a cost-effective and highly efficient solution. We are excited to partner with Ucaneo’s innovative team to advance this technology toward large-scale adoption.”

Innovative Technology Inspired by Nature
Ucaneo’s state-of-the-art electrochemical DAC technology mimics the lung’s natural ability to manage CO₂. Using electricity and a specialized biomimetic solvent, Ucaneo’s system removes atmospheric CO₂ at room temperature with continuous regeneration, delivering pure, industrial-grade CO₂ for various applications.

Designed for high energy efficiency, Ucaneo’s technology seamlessly integrates with variable renewable energy sources, such as solar and wind, enabling cost-effective, on-demand CO₂ removal. This flexibility allows operators to leverage energy price arbitrage, making it particularly attractive for high-grid-electricity price regions and remote renewable-powered deployments.

A Pathway to Germany’s Largest Direct Air Capture Demonstration Plant
Ucaneo’s industrial pilot—one of Germany’s largest DAC projects—will provide critical operational data to validate its technology under real-world conditions. These insights will inform the development of Germany’s largest DAC demonstration plant, planned for launch in the first half of 2026.

Supported by a Techno-Economic Analysis (TEA) and an independent third-party feasibility study, Ucaneo’s DAC technology has the potential to achieve costs below €300 per ton of CO₂ in the near future—making it one of the most cost-competitive DAC solutions globally. The demonstration plant will serve as a key milestone in proving this cost-effectiveness at scale.

With this project, Ucaneo is strengthening Berlin’s and Germany’s position as a global leader in innovative climate technology solutions—paving the way for a more scalable and affordable approach to carbon removal.

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The round was led by climate tech investor Zouk Capital, with significant participation from new investor Aramco Ventures and existing investor Airbus Ventures. Additional contributions came from existing investor Understorey Capital and several new investors, including Helium-3 Ventures.

Founded in 2014 and based in Oxford, Dendra Systems employs 87 dedicated professionals across the UK, Australia, UAE, and US.  The company provides an end-to-end RestorationOSTM solution to restore nature, powered by high-resolution data capture and drone-based seeding, and a comprehensive AI-enabled ecosystem insights platform. Dendra’s innovative approach is able to achieve targeted, rapid deployment of restoration efforts at scale, in addition to ongoing monitoring, management and reporting for the duration of multi-year projects.

Dendra is applying its market-leading RestorationOSTM technology and ecological expertise to enabling customers such as Rio Tinto, Glencore, Liontown, BHP, and the Environment Agency – Abu Dhabi (EAD), in achieving their environmental objectives. Currently managing over 70,000 hectares, Dendra is setting new standards in nature restoration, with demonstrated capabilities in mining, infrastructure, mangrove and arid ecosystem restoration.

The fresh injection of capital will be directed towards Dendra Systems’ expansion into new geographical markets and the continuous enhancement of its pioneering AI-enabled ecology platform. These efforts aim to address the urgent need for large scale and efficient restoration solutions in the face of escalating environmental challenges within the mining sector and other industries critical to the energy transition.

Dr Susan Graham, CEO Dendra Systems, said, “We are immensely proud of securing the support of these experienced and supportive investors as we embark on this next phase of growth. This funding will enable us to bring our AI-driven restoration solutions to more ecosystems around the world, helping to reverse biodiversity loss and mitigate the effects of climate change. Our RestorationOSTM technology and approach represent a game-changing opportunity for environmental monitoring and restoration, and we are excited to be able to double down on our efforts to empower environmental teams to reverse these global trends.”

John Higelin, Partner Zouk Capital, said, “The drive to revitalise our planet’s ecosystems is among the most pressing challenges of our era. As the global community strives towards environmental sustainability, Dendra Systems is tackling the critical task of ecosystem monitoring and restoration head-on and at scale. Zouk Capital is delighted to lead this Series B round, supporting Dendra’s mission to expand their impact globally. ”

Bruce Niven, Executive MD, Strategic Venturing, Aramco Ventures, said, “We are excited about the potential of Dendra Systems’ technology to make a huge impact on biodiversity by restoring ecosystems, thus contributing to increasing plant species richness and habitat restoration, as well as its impact on forestry and mangroves plantation management, which is a key enabler for scaling nature-based solutions”.

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Aramco Ventures led the investment, along with notable new investors from the Middle East, Southeast Asia, and Japan. Aramco Ventures is the corporate venturing subsidiary of Aramco, the world’s leading fully integrated energy and petrochemical enterprise.

“REDEX is well positioned as the leading marketplace for I-RECs, which will enable renewable energy markets in many parts of the world. We look forward to collaborating with the REDEX team to extend this capability into new geographies,” said Bruce Niven, Executive MD, Strategic Venturing at Aramco Ventures.

Established in 2018, REDEX Group is a first-mover RECs player in Asia, offering a full suite of RECs management solutions covering asset registration, verification, trading, and retirement.

“We are witnessing tremendous growth in the adoption of RECs by brand owners striving to be 100% renewable, both for themselves and their supply chains,” said Jen-Wee Kang, Founder and CEO of REDEX.

“The demand for green energy is very real, and the number of RECs issued and retired is more than doubling year on year. Building on the trust we have established with key players in the ecosystem, REDEX is well-positioned to play a leading role in the exponential growth of RECs adoption globally.”

As a concept, RECs are very simple – the instrument traces one’s power consumption to renewable energy sources. Its simplicity is precisely why the instrument is the most convenient and practical way for companies to achieve Scope 2 neutrality.

RECs are endorsed and adopted by RE100, the main consortium of leading brand owners committed to 100% renewable electricity. The consortium was initially formed in 2014 by 13 corporate partners. Today, RE100 has over 400 members who consume around 400 TWh of power.

REDEX believes there is great potential to apply RECs creatively in the industrial sector, like for green aluminium, steel, and cement – commodities covered in the starting phase of Europe’s Carbon Border Adjustment Mechanism (CBAM).

In April, the company announced it was the first API-integrated Platform Operator Account on I-REC, the world’s largest RECs registry. In June, REDEX also announced its partnership with China Southern Grid, supporting the grid operator as an I-REC Issuer in China.

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