"The structure of this partnership - providing immediate funding to achieve an ambitious but important price in the medium term - is just one way to support carbon removal as it scales," said Randy Spock, Google's carbon credits and removals lead.
"We hope it will inspire the market to increase its support for solutions that have a strong chance of achieving global impact in the decades ahead, and give those solutions the near-term resources they need to demonstrate their viability and achieve commercial scale."
Holocene's approach combines elements of both liquid and solid-based systems, which Google said has high potential to reduce costs.
This low-temperature heat can be sourced from carbon-free or waste heat sources, making it more practical to scale cleanly and affordably.
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