Anthropic Joins Frontier in $915 Million Carbon Removal Push as First AI Startup Member
Updated
Updated · TechCrunch · Jun 17
Anthropic Joins Frontier in $915 Million Carbon Removal Push as First AI Startup Member
2 articles · Updated · TechCrunch · Jun 17
Summary
$915 million in new pledges brought Anthropic into Frontier, making it the first pure AI startup to join the carbon removal buyers' group.
The tranche nearly doubles Frontier's committed funding to $1.8 billion, after it had already contracted nearly $700 million across more than 50 projects to remove 1.8 million tons of carbon.
Anthropic's move stands out because AI companies have been rapidly adding power demand, and this is its first climate-related deal despite not yet publishing a sustainability report.
Frontier said future contracts will face tighter screening, with fewer bets on projects it believes can eventually remove at least 1 billion metric tons of CO2 annually over eight- to 10-year deals.
Founded in 2022 by companies including Stripe, Google and Shopify, Frontier is trying to scale a market many companies need for net-zero goals but ultimately expect governments to help support.