Altitude Expands Ascent 1 Financing Facility To 250,000t Carbon Removals - CleanTechnica

Altitude has expanded its Ascent 1 financing facility for carbon dioxide removal (CDR) from an initial commitment of 50,000 tons to 250,000 tons of carbon removals. Launched earlier this year, Ascent 1 aims to provide structured, long-term financing for high-integrity removal projects, reflecting Altitude’s belief that the CDR market is ready for significant growth and requires larger-scale financial support. The expanded facility is designed to offer developers stronger demand signals, improve price stability, and facilitate the scaling of projects from mid-size to industrial levels. The program continues to prioritize durable removals verified through methodologies from partners such as Puro and other verification platforms, with a global reach that especially supports CDR facilities in the Global South. This scale-up highlights the increasing momentum behind engineered biomass-based carbon removal and acknowledges the challenges of delivering removals at commercial volumes. Altitude emphasizes the importance of rigorous measurement, permanence, and portfolio diversification as it deploys the expanded financing, contributing