Climate Vault Solutions

Based in Seattle, Washington, Climate Vault Solutions operates as the commercial arm of a Chicago nonprofit, providing corporate carbon reduction services by purchasing and withholding cap and trade pollution permits. The company calculates, reduces, and reports carbon emissions for organizations while funding innovations in carbon dioxide removal technologies to address flaws in voluntary offset markets. To date, the enterprise has raised nearly twelve million dollars in funding, including a Series A round in June 2023 and additional capital in May 2024, helping to avert an estimated 190 million dollars in climate damages. Its client base primarily consists of entities in the finance and professional services sectors, featuring prominent customers such as Northern Trust Bank, Morningstar, T Rowe Price, and DRW. Climate Vault Solutions was launched in 2023 by founders Michael Greenstone, Don Wilson, and Kyle Kornack.