Microsoft Expands Carbon Removal Agreement with Stockholm Exergi

Microsoft has extended a carbon removal agreement for bio-energy with carbon capture and storage (BECCS) firm Stockholm Exergi. The revised agreement will increase the quantity of carbon removal credits from 3.33 million tons to 5.08 million tons. The credits will be generated by Stockholm’s BECCS project in Värtan, Stockholm.

“The extension of our existing agreement with Microsoft is a huge vote of confidence in our BECCS project and Stockholm Exergi’s ability to deliver sustainable permanent removals. It is also a strong validation that climate frontrunners on the voluntary carbon market continue to stay focused on mitigating climate change and contribute to getting the removals industry off the ground,” said Anders Egelrud, CEO, Stockholm Exergi.

“Stockholm Exergi is executing against a bold vision to deploy new carbon removal technologies towards climate action. We are pleased to announce this expanded offtake, which in turn reflects our progress to meeting ambitious 2030 Carbon Negative goals,” said Brian Marrs, senior director for energy and carbon removal at Microsoft.