<p class="responsive-text">Photo courtesy of Miami-Dade County, featuring Miami-Dade County Mayor Daniella Levine Cava <i>(second from left)</i> and U.S. Assistant Secretary for Economic Development Alejandra Castillo <i>(third from right)</i> with recipients of federal grant funding for the South Florida ClimateReady Tech Hub, announced at Florida International University. Also pictured are Prannoy Suraneni, University of Miami associate professor of civil and architectural engineering <i>(second from right)</i>, Tim Sperry, CEO of Carbon Limit <i>(fourth from right)</i>, and Eric Koehler, Vice President of Innovation and Product Quality at Titan America <i>(fifth from right).</i></p></br>

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Boca Raton, FL (July 12, 2024) — Carbon Limit, a climate tech company transforming the concrete industry with its proprietary CO2-capturing technology, was named a grant recipient of the <a href="https://www.eda.gov/funding/programs/regional-technology-and-innovation-hubs/2023/South-Florida-ClimateReady-Tech-Hub" style="color:#d19821; text-decoration:none;">South Florida ClimateReady Tech Hub</a>’s recent <a href="https://news.fiu.edu/2024/department-of-commerce-funds-south-florida-climateready-tech-hub" style="color:#d19821; text-decoration:none;">$19.5 million</a> funding from the <a href="https://www.eda.gov/" style="color:#d19821; text-decoration:none;">U.S. Department of Commerce’s Economic Development Administration</a> (EDA). With the funds and support from the Tech Hub and the EDA, Carbon Limit will continue to serve as a leader in sustainable and resilient infrastructure (SRI) solutions for the climate crisis. 

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In 2023, the South Florida ClimateReady Tech Hub was <a href="https://www.eda.gov/news/press-release/2023/10/23/South-Florida-Climate-Resilience-Tech-Hub" style="color:#d19821; text-decoration:none;">announced </a>as one of 12 Tech Hubs across the nation slated to receive a combined total of $504 million in funds authorized by the CHIPS and Science Act. The ClimateReady Tech Hub aims to scale the production and delivery of critical technologies to strengthen America’s clean energy transition and national security. In connection with this award, Carbon Limit will receive $740,000 to scale advanced concrete technologies, including its proprietary CaptureCrete® solution, throughout regional communities affected by climate change. Carbon Limit will deploy these funds while drawing on the ClimateReady Tech Hub’s support and collaborative structure to further develop and deploy clean concrete and decarbonization solutions.

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Carbon Limit is focused on accelerating the deployment and expansion of cement technologies that help lower emissions while improving performance. Carbon Limit is already in production of CaptureCrete®, a pour-in additive used during the concrete manufacturing process that employs CO2 mineralization to significantly capture, store, and ultimately reduce concrete’s carbon footprint. This solution, in addition to other Carbon Limit offerings, provides built-environment decarbonization without sacrificing performance or requiring untested and complicated technology. With these solutions and within the ClimateReady Tech Hub, Carbon Limit will collaborate with the <a href="https://welcome.miami.edu/" style="color:#d19821; text-decoration:none;">University of Miami,</a> <a href="https://www.fiu.edu/" style="color:#d19821; text-decoration:none;">Florida International University,</a> <a href="https://www.titanamerica.com/" style="color:#d19821; text-decoration:none;">Titan America</a> and others, on sustainable, durable, and resilient infrastructure projects.

“We are proud to be a recipient of funding from the South Florida ClimateReady Tech Hub, and deeply appreciate the recognition for our innovation and leadership,” said Tim Sperry, Carbon Limit’s Founder and CEO. “Resilient, clean concrete is critically important, especially in the neighborhoods and communities who are facing the brunt of climate change impacts. This is urgent work, and Carbon Limit stands ready to lead the way with real-world solutions.”

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Carbon Limit also looks forward to the economic and societal benefits of the Tech Hub program. The ClimateReady initiative is expected to create 23,000 new green union jobs over the next five years – 15,000 of which will go towards underserved communities - with an average base salary of $86,000. In the next decade, the Tech Hub is projected to generate 41 billion dollars in revenue. 

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“Concrete is the second-most used substance in the world behind only water and presents a unique opportunity for decarbonization,” said Jeremy Healey, President of Carbon Limit. “We’re bringing a climate change solution directly to the builders and communities who need it. CaptureCrete’s impact can be as global as concrete’s usage. This funding recognizes Carbon Limit as a catalyst for change.”

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For more information about Carbon Limit, visit <a href="https://www.carbonlimit.com" style="color:#d19821; text-decoration:none;">www.carbonlimit.com</a>

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About Carbon Limit 

Carbon Limit is transforming the concrete industry with its proprietary CO2-capturing technology, CaptureCrete®. By integrating a unique blend of CO2-reactive minerals, this innovation not only reduces the carbon footprint of concrete, but also enhances its ability to sequester carbon dioxide from our atmosphere, storing it safely and permanently. Designed to be compatible with various concrete types and mix designs, CaptureCrete® enables concrete producers and contractors to win more business and unlock new revenue streams. Build sustainably, profitably, and ahead of the curve with CaptureCrete®.

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<p style="font-size: 0.8em;">MEDIA CONTACT</br>FischTank PR</br><a href="mailto:carbonlimit@fischtankpr.com"style="color:#d19821; text-decoration:none;">carbonlimit@fischtankpr.com</a></p>

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