BadCarbon structures multi-impact climate capital solutions that capitalize Geologic Environmental Mineral Sequestration (GEMS) credits to finance new renewable projects. The company participated in a $100 million equity investment designed to accelerate solar and battery energy storage system (BESS) development on the ERCOT grid. Projects financed through this initiative are expected to add renewable capacity as early as late 2025 with continued milestones through 2027. The equity investment complements a $300 million portfolio-level debt facility provided by funds and accounts managed by HPS Investment Partners, which closed in November 2024. Together the capital is projected to enable lifetime output exceeding 45,000 GWh and sequester more than 3 million barrels of oil equivalent (BOE), delivering immediate GHG emissions reductions. The transaction was recorded and managed using The Northern Trust Carbon Ecosystem, a private-ledger digital platform for lifecycle management of digital voluntary carbon credits.

Total raised

$100M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2025