GlobeNewswire by notified

Vaisala seeks to remove greenwashing from carbon capture with a new measurement solution

22.10.2024 13:00:00 CEST | GlobeNewswire by notified | Press release

Share

Vaisala
Press release
October 22, 2024

Vaisala seeks to remove greenwashing from carbon capture with a new measurement solution

Carbon capture, utilization and storage, or CCUS, is a field that has sparked a lot of public debate – and investments. Knowing exactly how much and what quality carbon has been captured is essential if CCUS is to become a viable addition to the toolset against climate change. Vaisala’s new MGP241 multigas probe offers always-on data at a third of the cost compared to measurement solutions most used in CCUS processes today.

Vaisala, a global leader in measurement technology, has today launched a new measurement product, MGP241, that measures CO₂ and humidity and is specifically designed to bring transparency to CCUS projects. Both governments and private companies need CCUS to reduce and offset carbon emissions if they are to meet their reported decarbonization targets. However, with current technology still not ready for widespread use, constant, and accurate measurement of captured carbon is vital to ensure its continued development.

“No one knows yet if CCUS will indeed grow to be a significant solution in our fight against climate change. The technology is still in its early stages. What we can solve now is how to make measuring these projects as transparent and efficient as possible to leave no room for guesswork or sugarcoating the results – our numbers don’t lie,” says Julia Salovaara, Strategy and Business Development Manager at Vaisala.

Critical industries depend on CCUS

CCUS has already seen some major investments. According to BloombergNEF, a record $6.4 billion was invested into CCUS technology in 2022, more than doubling from the year before and with the U.S. leading the way with 45% of the total investments. Yet, many projects are behind schedule or not producing their promised results.

The success of CCUS technology is especially critical for hard-to-abate industries like materials manufacturing, energy production, and the chemical industry. With high emissions and few other significant solutions beyond improving their energy efficiency, these industries experience increased pressures from regulators and the public to decarbonize their operations.

One especially crucial industry is the cement industry that alone emits 7% of global CO₂. Additionally, the global demand for cement is expected to increase 12–23% by 2050. One of the early success stories, Carbonaide, helps the cement industry utilize captured carbon dioxide in concrete manufacturing.

Through the carbonization process, Carbonaide’s technology reduces the amount of cement needed in concrete production. While the reduction of cement needed is remarkable, 20–100%, the process also creates a permanent storage for the carbon captured from an emission source.

Carbonaide partnered with Vaisala from the start to make sure they know exactly what is happening in each step of the process and, eventually, how much carbon is stored.

“Globally, Carbonaide's technology has the potential to store 500 megatons of CO₂ annually by 2050 in precast concrete products – roughly the same annual emissions of France and the UK combined. The investment case we offer our customers is entirely based on accurate measurements and transparency. With Vaisala, we can trust that the numbers we share with our partners are correct,” says Jonne Hirvonen, Chief Operating Officer at Carbonaide.

Transparent measuring at a significantly lower cost

MPG241 measures carbon dioxide and humidity in point source and direct air carbon capture processes, and in different carbon utilization and storage projects.

Unlike traditional gas analyzers, Vaisala’s MGP241 requires no expensive calibration gases, needs dramatically less maintenance, and promises a 10+ year lifespan in heavy-duty use. The compact size and in-situ design of the instrument has allowed for competitive pricing – around a third of the price of most common solutions in the market.

“Our new probe measures directly in the gas flow and shows test results in real time. This level of transparency and proof is essential for process optimization, building trust with stakeholders, and demonstrating genuine commitment to sustainability,” concludes Salovaara.

The MGP241 will be available for purchase starting today. For more information, please visit: vaisala.com/mgp241

###

More information for the media

Media kit with photos

Katri Koponen, Communications Manager, Vaisala
Tel. +358 50 586 0262
katri.koponen@vaisala.com

About Vaisala

Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange.

www.vaisala.com

Attachments

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye