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2024 KCP Application
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Vesta, PBC
Org Type
For Profit
Year Founded
2021
Winner or Finalist
Winner
Project
Company
Financials
Customers & Partnerships
Primary Project Category:
Secondary Project Category:
Carbon Sinks (Natural & Engineered)
Energy
Finance
Social & Cultural Pathways
Transport and Mobility
Name of Project:
Project Summary / Description:
Vesta is dedicated to reversing climate change globally while supporting coastal ecosystems. To achieve this, Vesta has integrated science, engineering, and regulatory capabilities into a coherent carbon dioxide removal solution known as Coastal Carbon Capture (CCC). Built on 30 years of promising lab-based studies, rigorous demonstration pilots are the key next step to advance this massively scalable nature-based climate solution. Within 3 years of being founded, Vesta broke a 30 year scientific barrier by conducting the world‚ first Coastal Carbon Capture field deployments in 2022. As the first to deploy field pilots in the broader field of Ocean Alkalinity Enhancement (OAE), our work is contributing necessary field-based research into how the oceans can be used to combat climate change while enhancing coastal ecosystems. Coastal Carbon Capture has the potential to remove more than a gigatonne of CO2 annually, and Vesta has already taken historic steps to unlock this climate-saving potential.
Country or Countries of Operation:
United States
Afghanistan
Albania
Algeria
Andorra
Angola
Anguilla
Antigua & Barbuda
Argentina
Armenia
Aruba
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bermuda
Bhutan
Bolivia
Bosnia & Herzegovina
Botswana
Brazil
British Virgin Islands
Brunei
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo
Cook Islands
Costa Rica
Cote D Ivoire
Croatia
Cruise Ship
Cuba
Cyprus
Czech Republic
Democratic Republic of Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Falkland Islands
Faroe Islands
Fiji
Finland
France
French Polynesia
French West Indies
Gabon
Gambia
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Grenada
Guam
Guatemala
Guernsey
Guinea
Guinea Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Isle of Man
Israel
Italy
Jamaica
Japan
Jersey
Jordan
Kazakhstan
Kenya
Kuwait
Kyrgyz Republic
Laos
Latvia
Lebanon
Lesotho
Liberia
Libya
Liechtenstein
Lithuania
Luxembourg
Macau
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Netherlands
Netherlands Antilles
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
North Korea
Norway
Oman
Pakistan
Palau
Palestine
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Puerto Rico
Qatar
Reunion
Romania
Russia
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Satellite
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
South Sudan
Spain
Sri Lanka
St Kitts; Nevis
St Vincent
Sudan
Suriname
Swaziland
Sweden
Switzerland
Syria
Taiwan
Tajikistan
Tanzania
Thailand
Timor L'Este
Togo
Tonga
Trinidad & Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
Uruguay
Uzbekistan
Vanuatu
Venezuela
Vietnam
Virgin Islands (US)
Yemen
Zambia
Zimbabwe
Regions of Operations:
Southeast Asia
South Asia
East Asia
Central Asia
Middle East
North America
South America
Eastern Europe
Western Europe
East Africa
North Africa
Southern Africa
Central Africa
Oceania
Caribbean
Other Countries
How Project Affects Greenhouse Gas (GHG) Emissions:
We take the natural mineral olivine, grind it down to make carbon-removing sand, and introduce the sand in coastal areas. There, the sand gradually dissolves, permanently removing carbon dioxide from the atmosphere. Once the sand has been placed, no maintenance or further intervention is required, and the carbon removal process is irreversible.This works by accelerating a natural process called mineral weathering, where exposed rocks naturally remove carbon dioxide, via the carbonate silicate cycle. Mineral weathering is how the Earth regulates atmospheric CO2 levels on long timescales (i.e., millions of years). At present, mineral weathering naturally removes 0.5 Gt CO2/year from the atmosphere (Renforth and Henderson, 2017). Coastal Carbon Capture (also known as Coastal Enhanced Weathering, CEW) accelerates this process to timescales relevant for addressing the climate crisis.Coastal Carbon Capture has the potential to be one of the most scalable, permanent, and energy efficient methods for combating climate change. Once the olivine sand dissolves in seawater, it generates new ocean alkalinity resulting in the conversion of carbon dioxide into bicarbonate, where it remains for over 80,000 years (E.g., Berner and Berner, 1987). Recent studies continue to corroborate Coastal Carbon Capture‚ permanence relative to human timescales (Renforth and Henderson, 2017). Since the process is a naturally-occurring inorganic chemical reaction, there are no physical, socioeconomic, technological, or biological factors which impact the durability of carbon storage. Additionally, CCC may exceed already high scalability estimates, with studies showing Coastal Carbon Captures has the potential to remove more than 3 gigatonnes of CO2 per year from the atmosphere (Feng et al., 2017). Coastal Carbon Capture is 100x as energy efficient as Direct Air Capture and very CO2-efficient (removing 20+ tonnes of CO2 from the atmosphere for every tonne of CO2 emitted in the entire supply chain). Our small-scale New York pilot is projected to remove ~500 tons of CO2 from the atmosphere, or the equivalent of the annual emissions of 100 cars. Vesta‚ Massachusetts site is currently contributing the first field research into the use of olivine in marsh restoration projects and its potential to increase the carbon removal efficiency of blue carbon sites. Once data collection and analysis from these sites is complete, Vesta will publish our results.
Best Estimate of GHG Avoidance/Reduction of This Project (Tonnes CO2 Equivalent/Year):
Sustainable Development Goals:
No poverty
Zero hunger
Health and wellbeing
Quality education
Gender equality
Clean water and sanitation
Affordable and clean energy
Decent work and economic growth
Industry innovation and infrastructure
Reduced inequalities
Sustainable cities and communities
Responsible consumption and production
Climate action
Life below water
Life on land
Peace and justice
Partnerships for the goals
Impact on Underrepresented Groups:
Vesta's work has contributed to filling knowledge gaps in the social sciences regarding perceptions and inclusion of negative emissions technologies in the Global South. At our research station in the Dominican Republic, we learned from, collaborated with, funded, and trained local scientists and organizations. Vesta hired a local female community engagement leadership team to guide the workstream and through baseline surveys, information sessions, focus groups, and qualitative interviews, Vesta gained a deep understanding of the local community‚ perceptions of climate change and their desire for local inclusion in climate solutions. We published a paper based on our social science and community engagement work in the Dominican Republic, including local authors in the publication. Based on community feedback, our local give-back program co-designed a three month sewing program with the local Women‚ Group. By providing sewing machines and classes, the Women‚ Group has access to a new source of income (with many expressing desire to sell items at local tourist stalls), while also introducing a new skill into the community that can be passed on. At our New York deployment, Vesta regularly engages with community members and operates an internship program for local high school students to gain early climate science experience.
Sub-Categories:
Renewables
Nature-based
Agriculture
Methane
Plastics
Built Environment
Energy Efficiency
Restoration
Biodiversity
Energy storage
Rural
Urban
Circular Economy
Oceans
Forests
Waste
Carbon Removal
Electric Transportation
Cooling Solutions
Technology
Advocacy
Biomass
Conservation
Clean Cooking
Environmental justice
Research or Economic Modeling
Measurement, Reporting & Validation
Communications
Website:
https://www.vesta.earth
Mission Statement:
Vesta, PBC is primarily located in the United States, with deployment sites, laboratories, and the majority of our team being based in the US. We also have a research center and team located in the Dominican Republic. We have established a hybrid structure with a Public Benefit Corporation and a relationship with New Venture Fund and The Amalgamated Foundation (501(c)3 Public Charities) as fiscal sponsors of Vesta‚ charitable activities under the Coastal Carbon Capture Development Fund. Our hybrid business and financing structure enables us to raise unique forms of philanthropic donations to advance the foundational research and public understanding of CCC, while simultaneously developing a sustainable business model to reach scaled impact.
Link: Facebook:
https://www.facebook.com/Vesta.earth
Link: Twitter:
@vesta_earth
Link: Instagram:
@vesta_earth
Link: LinkedIn:
https://www.linkedin.com/company/vestaearth
Greatest Current Funding Need:
Sources of Past Funding:
Individual donations
Foundation grants
Corporate contributions
Government grants
Membership fees
Events and fundraisers
Earned income
Corporate partnerships
Bequests and planned giving
In-kind donations
Impact investing
Crowdfunding
Endowments
Bootstrapped
Equity
Debt
Carbon offsets or credits
Other