Neustark achieves triple-digit growth
Neustark hat im Geschäftsjahr 2023 seine erste Speicheranlage für CO2 in Deutschland eröffnet. Der Umsatz des Berner ClimateTech stieg im Jahresvergleich um 250 Prozent auf 10 Millionen Dollar an. Für 2024 sind 20 neue Speicherstandorte geplant.
Neustark generated sales totalling USD 10 million in the 2023 financial year, the Bern-based company specialising in the permanent storage of CO2 (Carbon Dioxide Removal, CDR) announced in a press release. This corresponds to year-on-year growth of 250 per cent. “In 2023, we successfully rolled out our innovative technology in Switzerland and abroad,” said Valentin Gutknecht, co-CEO and co-founder of Neustark, in the press release. “We were thus one of the first CDR providers to demonstrate that our business model of permanent CO₂ removal works both commercially and ecologically.”
Neustark opened its first storage site in Germany in the past financial year. In the current financial year, ClimateTech plans to open a further 20 locations, including in Austria. Neustark currently has 14 capture and storage sites with a total annual capacity of 5,000 tonnes of CO2. This week, the company reached a new milestone, according to the press release: “The 1000th tonne of CO2 has been permanently removed.”
The company, which was founded in 2019, aims to increase its total capacity to 1 million tonnes of CO2 per year by 2030. Neustark is also investing in new technologies to achieve this. The press release mentions the development of mobile plants that can be used more easily by construction material recyclers.