Salesforce Partners with Milkywire to Invest $5M in Carbon Removal

In a bold step toward combating climate change, Salesforce has announced a $5 million prepurchase deal with Milkywire to advance durable carbon dioxide removal (CDR).

This partnership aims to drive growth in early-stage carbon removal technologies, reinforcing Salesforce’s commitment to long-term climate action.

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A Collaboration to Spur Innovation

The partnership between Salesforce and Milkywire is grounded in a shared vision of fostering innovation in climate solutions.

Milkywire’s Climate Transformation Fund has been a game-changer, supporting emerging CDR suppliers globally.

Since its inception, the fund has backed 27 carbon removal companies, spanning nine technologies across 15 countries.

Salesforce’s involvement marks a significant boost for the fund. With the $5 million prepurchase agreement, the company is adding momentum to a critical industry that faces challenges in early-stage funding.

This investment is part of Salesforce’s ambitious $100 million CDR First Movers Coalition pledge, which focuses on scaling groundbreaking climate solutions.

Supporting Early-Stage Carbon Removal

Milkywire focuses on bridging the gap for early-stage funding in promising climate technologies.

The Climate Transformation Fund’s ability to act as a first buyer has been pivotal for startups developing innovative solutions like direct air capture, biomass-based CDR, and ocean-based removal methods.

The fund’s dual approach of offering both seed and scale funding has enabled several projects to transition from conceptual stages to operational success.

This new partnership with Salesforce is expected to accelerate these efforts further, enabling more projects to reach commercial viability.

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Leadership in Climate Action

Jamila Yamani, Salesforce’s Director of Climate & Energy, emphasized the company’s focus on transformative climate solutions.

“Just as we empower our customers with agents through Agentforce to drive change and innovate, we’re also accelerating early-stage carbon removal solutions to drive meaningful climate action,” she said.

Salesforce’s collaboration with Milkywire is designed not just to scale carbon removal technologies but to deliver co-benefits for communities and ecosystems.

By supporting nascent projects, the partnership creates opportunities for scalable solutions that directly address climate challenges.

Milkywire’s Call for Proposals

Milkywire is gearing up for its annual call for durable CDR proposals, opening in mid-December.

Last year, the call attracted over 230 proposals from CDR suppliers worldwide, showcasing the growing interest and potential in this field. Following a rigorous selection process, 13 new projects were chosen for funding, furthering the organization’s impact.

This year’s call for proposals is expected to continue the trend of identifying and nurturing innovative carbon removal solutions.

Milkywire’s proactive approach ensures that promising projects receive the support needed to achieve commercial readiness.

A Broader Impact

Salesforce has consistently demonstrated leadership in sustainability. This investment is yet another example of the company’s commitment to meaningful climate action.

By joining forces with Milkywire, Salesforce is not only advancing durable carbon removal but also setting a precedent for other corporations to follow.

Jamila Yamani summed it up perfectly: “Through our collaboration with Milkywire, we’re building the foundation to scale innovative carbon removal solutions to commercial viability while delivering co-benefits that support both people and the planet.”

As this partnership unfolds, it represents a significant milestone in the fight against climate change.

The combined efforts of Salesforce and Milkywire highlight the critical role of corporate investments in fostering innovation and scaling impactful climate technologies.