Terra CO2 Announces US$82M in New Series B Funding to Accelerate Commercial Deployment of Sustainable Cement Technology
Terra CO2 has secured US$82M in Series B funding, co-led by Just Climate, Eagle Materials (NYSE: EXP), and GenZero, with participation from Breakthrough Energy Ventures. The funding will accelerate the commercial deployment of Terra's OPUS technology for sustainable cement production across North America and Europe.
The company has agreements with Asher Materials for its first facility in Dallas-Fort Worth and option agreements with Eagle Materials for multiple 240,000-ton plants. Terra recently received a US$52.6M DOE grant for a second commercial plant and has validated its technology through successful projects, including a Porsche dealership in Houston.
Terra's OPUS products use abundant raw materials and work within existing industry infrastructure, offering a practical solution to cement decarbonization, which accounts for 8% of global CO2 emissions. The company has also advanced its OPUS ZERO™ technology, a 100% cement replacement solution, into full concrete trials.
Terra CO2 ha ottenuto 82 milioni di dollari in finanziamenti di Serie B, co-guidati da Just Climate, Eagle Materials (NYSE: EXP) e GenZero, con la partecipazione di Breakthrough Energy Ventures. Il finanziamento accelererà il dispiegamento commerciale della tecnologia OPUS di Terra per la produzione sostenibile di cemento in Nord America e in Europa.
L'azienda ha accordi con Asher Materials per il suo primo impianto a Dallas-Fort Worth e accordi di opzione con Eagle Materials per diversi impianti da 240.000 tonnellate. Recentemente, Terra ha ricevuto una sovvenzione di 52,6 milioni di dollari dal DOE per un secondo impianto commerciale e ha convalidato la sua tecnologia attraverso progetti di successo, tra cui un concessionario Porsche a Houston.
I prodotti OPUS di Terra utilizzano materie prime abbondanti e funzionano all'interno dell'infrastruttura industriale esistente, offrendo una soluzione pratica per la decarbonizzazione del cemento, che rappresenta l'8% delle emissioni globali di CO2. L'azienda ha anche sviluppato la sua tecnologia OPUS ZERO™, una soluzione di sostituzione del cemento al 100%, in prove complete di calcestruzzo.
Terra CO2 ha asegurado 82 millones de dólares en financiación de Serie B, co-liderada por Just Climate, Eagle Materials (NYSE: EXP) y GenZero, con la participación de Breakthrough Energy Ventures. La financiación acelerará el despliegue comercial de la tecnología OPUS de Terra para la producción sostenible de cemento en América del Norte y Europa.
La empresa tiene acuerdos con Asher Materials para su primera instalación en Dallas-Fort Worth y acuerdos de opción con Eagle Materials para varias plantas de 240,000 toneladas. Recientemente, Terra recibió una subvención de 52.6 millones de dólares del DOE para una segunda planta comercial y ha validado su tecnología a través de proyectos exitosos, incluido un concesionario Porsche en Houston.
Los productos OPUS de Terra utilizan materias primas abundantes y funcionan dentro de la infraestructura industrial existente, ofreciendo una solución práctica para la descarbonización del cemento, que representa el 8% de las emisiones globales de CO2. La empresa también ha avanzado su tecnología OPUS ZERO™, una solución de reemplazo de cemento al 100%, en ensayos completos de concreto.
Terra CO2는 US$8200만의 시리즈 B 자금을 확보했으며, Just Climate, Eagle Materials (NYSE: EXP), GenZero가 공동 주도하고 Breakthrough Energy Ventures가 참여했습니다. 이 자금은 북미와 유럽 전역에서 지속 가능한 시멘트 생산을 위한 Terra의 OPUS 기술의 상업적 배치를 가속화할 것입니다.
회사는 Dallas-Fort Worth에 첫 번째 시설을 위해 Asher Materials와 계약을 체결했으며, Eagle Materials와는 여러 개의 240,000톤 플랜트에 대한 옵션 계약을 체결했습니다. Terra는 최근 두 번째 상업 플랜트를 위한 US$5260만의 DOE 보조금을 받았으며, 휴스턴의 포르쉐 대리점을 포함한 성공적인 프로젝트를 통해 기술을 검증했습니다.
Terra의 OPUS 제품은 풍부한 원자재를 사용하고 기존 산업 인프라 내에서 작동하여, 전 세계 CO2 배출의 8%를 차지하는 시멘트 탈탄소화에 대한 실용적인 솔루션을 제공합니다. 이 회사는 또한 100% 시멘트 대체 솔루션인 OPUS ZERO™ 기술을 발전시켜 완전한 콘크리트 시험에 들어갔습니다.
Terra CO2 a sécurisé 82 millions de dollars lors d'un financement de série B, co-dirigé par Just Climate, Eagle Materials (NYSE: EXP) et GenZero, avec la participation de Breakthrough Energy Ventures. Ce financement accélérera le déploiement commercial de la technologie OPUS de Terra pour la production de ciment durable en Amérique du Nord et en Europe.
L'entreprise a des accords avec Asher Materials pour sa première installation à Dallas-Fort Worth et des accords d'option avec Eagle Materials pour plusieurs usines de 240 000 tonnes. Terra a récemment reçu une subvention de 52,6 millions de dollars du DOE pour une deuxième usine commerciale et a validé sa technologie grâce à des projets réussis, y compris un concessionnaire Porsche à Houston.
Les produits OPUS de Terra utilisent des matières premières abondantes et fonctionnent au sein de l'infrastructure industrielle existante, offrant une solution pratique à la décarbonisation du ciment, qui représente 8 % des émissions mondiales de CO2. L'entreprise a également fait progresser sa technologie OPUS ZERO™, une solution de remplacement du ciment à 100 %, lors d'essais complets de béton.
Terra CO2 hat 82 Millionen US-Dollar in einer Serie-B-Finanzierung gesichert, die gemeinsam von Just Climate, Eagle Materials (NYSE: EXP) und GenZero geleitet wird, mit Beteiligung von Breakthrough Energy Ventures. Die Finanzierung wird die kommerzielle Einführung von Terras OPUS-Technologie zur nachhaltigen Zementproduktion in Nordamerika und Europa beschleunigen.
Das Unternehmen hat Vereinbarungen mit Asher Materials für seine erste Anlage in Dallas-Fort Worth und Optionsverträge mit Eagle Materials für mehrere 240.000-Tonnen-Anlagen. Kürzlich erhielt Terra einen Zuschuss in Höhe von 52,6 Millionen US-Dollar vom DOE für eine zweite kommerzielle Anlage und hat seine Technologie durch erfolgreiche Projekte, darunter ein Porsche-Händler in Houston, validiert.
Die OPUS-Produkte von Terra verwenden reichlich vorhandene Rohmaterialien und funktionieren innerhalb der bestehenden Infrastruktur der Branche, was eine praktische Lösung zur Dekarbonisierung von Zement bietet, der 8 % der globalen CO2-Emissionen ausmacht. Das Unternehmen hat auch seine OPUS ZERO™-Technologie weiterentwickelt, eine 100%ige Zementersatzlösung, die in vollständige Betontests überführt wurde.
- Secured US$82M in Series B funding from major investors
- Received US$52.6M DOE grant for second commercial plant
- Agreements in place for multiple 240,000-ton plants
- Successfully validated technology through concrete demonstrations
- Developed OPUS ZERO™ 100% cement replacement solution
- None.
Insights
Eagle Materials' strategic co-investment in Terra CO2's
- The partnership secures EXP's position in the rapidly evolving sustainable cement market, where approximately
8% of global CO2 emissions originate from cement production - Multiple planned 240,000-ton plants across North America represent significant production capacity expansion potential without requiring extensive infrastructure modifications
- Terra's OPUS technology addresses the declining availability of traditional SCMs like fly ash, a pressing industry concern that directly impacts EXP's ability to meet customer demands
The investment's timing is particularly strategic as regulatory pressure on cement producers intensifies. Terra's technology, validated through successful commercial applications and recognized with industry awards, provides EXP with a competitive edge in the growing low-carbon cement market. The additional
Beyond the immediate benefits, this investment positions EXP to capitalize on the increasing demand for sustainable construction materials across North America. The partnership structure, including option agreements for multiple facilities, provides EXP with significant flexibility in scaling its sustainable cement production capacity while maintaining control over implementation timing and resource allocation.
Investment from leading climate and strategic partners positions Terra for rapid expansion of commercial facilities across
Co-led by Just Climate (established by Generation Investment Management), Eagle Materials (NYSE: EXP), and GenZero, the round has also attracted interest from several industrial partners with formal announcements forthcoming. Seed and Series A lead investor Breakthrough Energy Ventures (BEV) also participated in this round, reaffirming its commitment to Terra's mission. The funding will accelerate Terra's commercial deployment of its OPUS technology, with multiple full-scale production facilities planned across
"This strategic funding from the world's leading climate funds and industry partners validates our approach to practical cement decarbonization at commercial scale," said Bill Yearsley, CEO of Terra. "As we break ground on our first full-scale plant in
Approximately
"We are proud to co-lead this investment in Terra,” said Michael Haack, President and CEO of Eagle Materials. “As the supply of other Supplementary Cementitious Materials (SCMs), such as fly ash, continues to decrease in availability, increased SCM development will be crucial to fulfill the needs of our customers and in meeting the expected increases in demand for cement more broadly. This investment aligns with our goal to seek sustainable and commercially viable solutions that work within existing infrastructure."
Since its Series A, Terra has secured agreements with Asher Materials for its first facility in the
"Terra is the type of transformational solution that Just Climate seeks to scale," said Benoit Grobon, Managing Director at Just Climate. "Their ability to deliver a practical and cost competitive solution to one of the world’s highest-emitting and most off track sectors, along with their strategic approach to deployment, positions them to drive meaningful carbon reduction in the construction industry."
"We invest in commercially scalable technologies with the ability to deliver deep decarbonization impact in hard-to-abate sectors such as the built environment,” said Kimberly Tan, Managing Director and Head of Investments at GenZero. “Terra’s proprietary technology is a present-day, accessible solution, which has undergone extensive testing and garnered significant commercial traction from potential customers. This means it can deliver immediate decarbonization benefits while addressing the demands of urban development and the industry’s stringent performance requirements.”
The robust support from the current world-class investor group, combined with Terra's commercial readiness and growing market validation, has generated interest from strategic and financial investors. Terra expects a second round of investors to sign on to the Series B raise by late Q1 2025, driven by strong interest from those unable to participate in this initial signing.
As Terra prepares its first full-scale commercial plant in
With the Series B funding, Terra will continue to accelerate the buildout of its commercial footprint, form strategic partnerships, and deploy additional facilities to meet the increasing demand for sustainable construction materials across
About Terra CO2 (Terra)
Terra enables their partners to unlock low-carbon cement from source to deployment. As the critical component in creating concrete, the foundation of modern infrastructure, cement is responsible for
Unique to Terra is their capability to work across a diverse range of silicate rock mineralogy, not constrained by feedstock availability. Terra's technology allows the company to create sustainable construction materials with the most abundant and accessible raw materials on earth from already approved and open mines.
Terra's first product, OPUS SCM™ (Supplementary Cementitious Material), is ready for commercial deployment, capable of replacing up to
Validated by third parties, Terra's materials perform equal to or better than traditional cementitious products.
Terra is headquartered in
About Just Climate
Established by Generation Investment Management, Just Climate is a specialist investment business focused on scaling solutions for the highest-emitting, most off-track sectors of the economy. The challenge of achieving a net-zero world and addressing climate-related risk is huge, urgent and needs tremendous mobilisation of capital. Just Climate's mission is to establish climate-led investing as a capital allocation imperative for institutional investors globally. For more information, please visit us at justclimate.com.
About GenZero
GenZero is an investment platform company focused on accelerating decarbonization globally. Founded by Temasek, it seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in opportunities with the potential to be nurtured into impactful and scalable solutions.
Driven by a common purpose to decarbonize for future generations, GenZero recognizes the need for a holistic and integrated approach to achieve a net zero world. It adopts a flexible investment approach across three focus areas to drive climate impact: (i) nature-based solutions that help protect and restore natural ecosystems while benefiting local communities and biodiversity; (ii) technology-based solutions that deliver deep decarbonization impact; and (iii) carbon ecosystem enablers that support the scaling of carbon markets and enable broader industry decarbonization.
For more information on GenZero, visit www.genzero.co.
About Eagle Materials
Eagle Materials Inc. (NYSE: EXP) is a leading
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Source: Terra CO2
FAQ
What is the value of Terra CO2's Series B funding round led by Eagle Materials (EXP)?
How many production facilities is Terra CO2 planning with Eagle Materials (EXP)?
What is the size of the DOE grant received by Terra CO2 in 2024?
Where will Terra CO2's first full-scale OPUS technology plant be located?
What is Terra CO2's OPUS ZERO™ technology's main feature?
