Expert voices: Spiritus CEO on the future of DAC
Founders need to be maniacal about developing the best solution for their market, says Spiritus CEO Charles Cadieu.
Why he matters: Cadieu just led his Los Alamos, N.M.-based direct air capture startup out of stealth mode this week with backing from Silicon Valley venture firm Khosla Ventures and a carbon removal purchase deal with heavyweight Frontier.
This interview was edited for length and clarity.
On the DAC market:
- "It's an incredibly exciting time...The whole project financing world is starting to see this as becoming very viable with these advanced purchases. And that's going to be a critical linchpin to really scale this market, which we saw with solar and wind.
- Economics are going to be the major driver here. And there will be consolidation. I could imagine maybe a small handful of less than five techniques."
What was the big story in climate tech this week?
- "Let's go with our news. It's something dear to us, and something we've been waiting to tell the world for some time."
What is going undernoticed in climate tech right now?
- "The DAC and sequestration incentives within the IRA.
- 45 Q gets to $180 per ton that the federal government is paying through either direct payment or tax incentive. That can really demonstrate removal for sub $100, as we're planning to at Spiritus."
What is one tip for climate tech founders?
- "My approach is to really have the best solution in the market. I think if you're not somewhat maniacally going for that best solution, it's going to be hard to win over the long term."
What was your first job?
- "In the summers, I would work in my dad's physics lab. I would do work on solid state physics and materials development for magnetic thin films.
- I tried to make a device called a spin valve. That was cutting my teeth on real agony and lots of hours of futility.
- But that also kind of developed my perseverance as to how to see deep tech through."
In three-ish words, how would you change the climate tech landscape?
- "Rally behind solutions."