Vaulted Deep

Overview

Vaulted Deep is an innovative climate technology company focused on the geologic sequestration of organic waste for permanent carbon removal. Founded in 2023 and headquartered in Houston, Texas, the company emerges from Advantek Waste Management Services. It has raised $32.3 million in a recent fundraising round. Vaulted Deep transforms organic waste into a carbon-rich slurry, which is then injected deep underground for long-term storage, helping to mitigate climate change. Its founders include Omar Abou-Sayed and Julia Reichelstein.

Recent Developments

November 14, 2024: Vaulted Deep announced it raised $32.3 million in a Series A funding round led by Prelude Ventures. The funds will expand operations, including a new site in Colorado, enhancing their carbon sequestration capabilities (Reuters).
October 2024: Vaulted Deep executed a $58.3 million offtake agreement with Frontier, a decarbonization initiative by major tech firms including Stripe and Alphabet, aiming to remove 152,480 tonnes of CO2 by 2027 (Carbon Herald).
May 2024: Vaulted Deep completed Swift delivery of 5,000 tonnes of carbon within four months since its agreement with Frontier, showcasing rapid deployment capabilities (Carbon Herald).
September 2023: The company began operations at sites in Los Angeles County and Hutchinson, Kansas, utilizing their mature slurry injection technology to secure organic waste for carbon removal (The Verge).
2023: Frontier facilitated initial tonnage deliveries with a prepurchase agreement from Vaulted Deep that resulted in 1,666 tonnes being removed and verified within its inaugural year (Bioenergy News).

Attribute	Information
Founding Date	2023
Headquarters	Houston, Texas
Founders	Omar Abou-Sayed, Julia Reichelstein
Revenue	Undisclosed
Profits	Undisclosed
Key Investors	Prelude Ventures, Lowercarbon Capital, Earthshot Ventures, WovenEarth Ventures
Industry	Climate Technology Product Manufacturing
Number of Employees	Approximately 2-10

Early History

Vaulted Deep originated as a spin-off from Advantek Waste Management Services, bringing its established technology for waste injection into the climate tech sector. The company started operations with two main projects in Los Angeles County and Hutchinson, Kansas, where it utilized its proprietary slurry injection technology to transform carbon-rich organic waste into a workable solution for carbon sequestration. This strategic focus has allowed Vaulted Deep to position itself rapidly as a leader in the biomass carbon removal and storage sector, even before the market fully recognized the potential of such technologies.

Company Profile and Achievements

Vaulted Deep utilizes biomass carbon removal and storage (BiCRS) technologies to convert organic waste like biosolids, agricultural residues, and paper sludge into a slurry that is safely injected into subsurface geological formations. This method helps permanently sequester carbon dioxide, preventing its release back into the atmosphere. The company’s approach is notable for its cost-efficient and scalable solution, leveraging mature oil industry technologies that are repurposed for this climate-friendly application.

Achieved the industry's fastest rate of durable carbon dioxide removal (CDR) within its first operational year.
Executed a significant $58.3 million offtake agreement with Frontier to remove over 152,000 tonnes of CO2 between 2024 and 2027.
Implemented swift deployment strategies, managing to deliver monthly, verified carbon removal credits shortly after its partnership agreements.
Leveraged proprietary slurry injection technology, initially developed by Advantek, to streamline and scale operations effectively across diverse geographical locations.

Current Operations and Market Position

Vaulted Deep’s operations are centered in Los Angeles and Kansas, with plans to expand into Colorado. The company is pushing forward in the carbon removal market by safely burying carbon-rich waste materials beneath the Earth’s surface, using patented technology that demands minimal processing and conserves substantial amounts of carbon. Through strategic partnerships with climate initiatives like Frontier, Vaulted Deep is enhancing its market footprint by delivering a reliable and scalable carbon solution, aiming for gigaton scale.

Conclusion

Vaulted Deep has swiftly established itself as a dynamic force in the carbon removal landscape, merging traditional waste management technologies with modern climate needs. The company stands out by converting waste into tangible climate solutions, reflecting a strong commitment to sustainability and environmental justice. As Vaulted Deep secures significant funding and high-profile partnerships, it is poised for continued growth and innovation, setting a precedent for sustainable practices within the industry and contributing to global carbon reduction goals.