AtmosZero, Inc. (48C Self-Disclosed)

AtmosZero, the Colorado-based company on a mission to decarbonize steam, has secured 48C funding to construct its first "giga-factory" in Loveland. AtmosZero produces Boiler 2.0, a modular plug and play air-sourced steam generating heat pump, which is capable of addressing 50% of industrial heat needs, representing 8% of global emissions. The factory will output 1 Gigwawatt of new steam production capacity annually, equating to 1.9M tons of CO2 abatement capacity per year. This represents a dramatic and important escalation of domestic industrial heat pump production fueling American innovation and enabling the US industry to rapidly and cost competitively transition to a net zero economy.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.