Australia’s Calix lands $17.7M investment from Carbon Direct to decarbonize cement

Climate Finance

Australia’s Calix lands $17.7M investment from Carbon Direct to decarbonize cement

The race for low and no carbon building materials is on and innovative tech leaders are emerging and attracting big investment. Australian-based Calix, a diverse decarbonization solutions company, saw its share price jump 20% this week after closing a $17.7 million investment deal with U.S. impact investor Carbon Direct. Carbon Direct took a 6.98% stake in the company’s decarbonizing cement subsidiary, with Calix retaining 93% of its business, valued at $256 million.  The Carbon Direct investment is significant as an indicator of the growing international value of companies and technologies…

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