Noya is a company that has a breakthrough solution for the capture of carbon dioxide from the atmosphere. By utilizing already existing industrial cooling towers, Noya was able to come up with a way of injecting specialized carbon capture compounds into the tower’s water supply, allowing for the removal of carbon dioxide upon completion of the cooling.
Through intensive research, Josh Santos and Daniel Cavero, the founders of Noya, made a strategic decision to pivot from this approach due to new incentives coming from the Inflation Reduction Act. This act increased the incentive from $50 per metric ton to $180 per metric ton, given the requirement of capturing 1,000 metric tons of carbon dioxide per year and safely storing it underground. To capitalize on this, Noya created a modular direct air capture technology which utilizes an array of units with activated carbon monoliths and sorbents for binding carbon dioxide from the atmosphere, blowing air through the structure for an hour and saturating the sorbent.
This impressive innovation and resulting next-level work allowed Noya to be a part of Y Combinator’s Winter 2021 cohort, leading the company to success and the securement of an $11M Series A funding. CEO Josh Santos commented on the opportunity of this new approach.
Personifying the ambition of these two hardworking founders, Josh Santos and Daniel Cavero put their research and experience to the challenge, making a change to this innovative carbon capture system that not only brought considerable financial reward but also the opportunity to gradually improve the relationship between humans and our environment.
