Microsoft and Danish energy provider Ørsted have reached an agreement for the purchase of 2.76 million tonnes of carbon removal, making it one of the largest carbon removal deals to date. Ørsted will capture and store biogenic carbon emissions from its Asnæs Power Station in Denmark over an 11-year period as part of its Kalundborg Hub carbon capture and storage (CCS) project. The project received a 20-year contract from the Danish Energy Agency and is expected to commence operations in 2025, capturing and storing approximately 430,000 tonnes of CO2 annually starting from 2026. This agreement is part of Microsoft's ongoing efforts to become carbon negative by 2030 and eliminate all its historical emissions by 2050. Microsoft has recently entered into similar carbon removal agreements with CarbonCapture, Climeworks, and Running Tide.

Source: ESGToday