In addition to Dr. Gebald and Wurzbacher, other board members include Dr. Ulf Berg, Dr. Martin Burkhardt, Syrie Crouch, Alfred Gantner and Dr. Maurits van Tol.

It provides the requirements for stringent standards by which measurement and reporting of Climeworks' carbon dioxide removal and Carbfix's permanent mineralization can be third-party verified.

[11] In April 2022, Climeworks secured $650 million in an equity funding round, marking a significant fundraising achievement in the carbon dioxide removal industry.

[21] Like the pilot project CarbFix2, the operating facility is located near the Hellisheiði Power Station, which provides geothermal energy to run the Orca plant, and the air-captured CO2 is stored underground by Climeworks’ storage partner Carbfix.

[22] In June 2021, Climeworks began the construction of Mammoth, its largest direct air capture and storage facility to date, located in Hellisheioi, Iceland.

This plant, which started operations on May 8, 2024, is the 18th project undertaken by Climeworks and its second facility designed for commercial direct air capture and storage.

[24] Climeworks signed an agreement with British Airways to remove some of the airline's CO₂ emissions, using its Direct Air Capture technology in Sept 2024.

[26] Climeworks operates commercial direct air capture facilities and provides carbon dioxide removal services to both companies and individuals.

[28] In June 2021, Climeworks and DNV developed and validated a new methodology focusing on direct air capture, marking a step towards full third-party certification.

While several companies, including Carbon Engineering and Global Thermostat, are developing direct air capture systems, Climeworks has made significant progress in commercialization.

The cost of carbon dioxide removal via direct air capture and storage as offered by Climeworks is relatively high (around $1000 per ton of CO2 for small quantities).

However, as more governments and companies invest in direct air capture, the technology can be scaled up which will lead to a reduction in the costs,[34] a development pattern similar to photovoltaics.