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Terranova provides carbon credits by sequestering carbon in the ground using underground wood chips to raise land and prevent inundation of plots and structures. The wood chips method works by distributing and burying wood chips underground, offering a low-cost way to elevate land and capture CO2 in trees and soil; the credits are sold through their website. The company differentiates itself through a low-cost, scalable approach to elevation compared with traditional methods and by tying forest-management incentives to chip-based sequestration, including encouraging removal of dead trees to prevent future fires that would release CO2. The goal is to build a market for wood chips that incentivizes local forest stewardship and CO2 sequestration, encapsulated in the motto “Think Globally, Sequester Locally.”
Industries
Energy
Fintech
Social Impact
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$7M
Headquarters
San Rafael, California
Founded
2021
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Total Funding
$7M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Relocation Assistance
Instead of building seawalls or dikes, Terranova has developed a new way to raise cities to protect them from sea-level rise.
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Industries
Energy
Fintech
Social Impact
Financial Services
Company Size
11-50
Company Stage
Seed
Total Funding
$7M
Headquarters
San Rafael, California
Founded
2021
Find jobs on Simplify and start your career today