Rust Belt Industrials
Equipment Manufacturing / Energy

Avnos

Los Angeles, CAStartupavnos.com
Total Funding
$100M+
Founded
2020
Employees
50-100
Headquarters
2425 Olympic Blvd, Suite 4000W, Santa Monica, CA 90404

Avnos is a Los Angeles-based energy technology company and the world's first Hybrid Direct Air Capture (HDAC™) company, pioneering a modular infrastructure platform that simultaneously captures carbon dioxide and produces clean water from the atmosphere. Its proprietary HDAC™ technology harnesses low-grade waste heat - the kind routinely discarded by data centers and industrial facilities - and converts it into three simultaneous outputs: cooling support, clean water production, and integrated carbon removal. The system produces approximately five tons of water for every ton of CO₂ captured, making it uniquely water-positive and dramatically more resource-efficient than conventional direct air capture approaches. Avnos systems are factory-built, modular, and designed for repeatable deployment across multiple industries including digital infrastructure (data centers), oil and gas, sustainable aviation fuel (SAF), food and agriculture, and geologic carbon sequestration hubs.

The company's technology addresses a critical intersection of challenges facing the US energy supply chain: the explosive growth of AI-driven data centers demanding more power and water, the urgent need for cost-effective carbon removal at scale, and the growing scarcity of clean water for industrial and cooling operations. By integrating carbon removal directly into existing infrastructure rather than requiring standalone facilities, Avnos dramatically reduces the cost and energy penalty of decarbonization. Its "Cedar" commercial-scale facility in Bridgewater, New Jersey - financed by Shell and Mitsubishi Corporation - is slated to come online in 2026, capturing 3,000 tCO₂ and producing over 6,000 tons of clean water annually. The company also operates a 20,000 sq ft Technology Development Center in New Jersey, fully operational since early 2024, and is running a demonstration project with the U.S. Navy's Office of Naval Research.

Avnos holds significance for the US energy supply chain as a manufacturer of next-generation carbon removal hardware capable of integrating with the nation's most energy-intensive infrastructure. Its backing from major energy companies (Shell, ConocoPhillips, NextEra Energy), aerospace (Safran), aviation (JetBlue Ventures), and both the DOE and Department of Defense signals broad strategic importance across sectors. With over $100 million raised and commercial deployments underway, Avnos is positioned at the frontier of decarbonizing hard-to-abate industries while simultaneously producing water and reducing cooling loads - a triple-bottom-line value proposition that sets it apart from single-purpose carbon capture competitors.

Funding

Series A of $36M in February 2024, led by NextEra Energy Resources, with participation from Safran Corporate Ventures, Shell Ventures, Envisioning Partners, and Rusheen Capital Management. Prior raises and strategic commercial agreements totaling over $80M with ConocoPhillips, JetBlue Ventures, Shell Ventures, and the Grantham Foundation. Additional funding from the U.S. Department of Energy (DOE) and U.S. Office of Naval Research (multi-million dollar project awards). Total funding exceeds $100M. Cedar facility (coming 2026) financed with up to $17M from Shell and Mitsubishi Corporation.

Investors

  • NextEra Energy Resources
  • Shell Ventures
  • ConocoPhillips
  • JetBlue Ventures
  • Safran Corporate Ventures
  • Mitsubishi Corporation
  • Envisioning Partners
  • Rusheen Capital Management
  • Grantham Foundation
  • U.S. Department of Energy
  • U.S. Department of Defense / Office of Naval Research

Key People

  • Will Kain, Founder & CEO
  • Paul McGinty, SVP Manufacturing and Supply Chain
  • Srikanth Ramakrishnan, SVP Project Delivery
  • Benjamin Stone, VP Corporate Development
  • JR Johnson, VP Research and Development

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