With the launch of CarbonX 2.0, the program expects to receive innovative proposals in the fields of carbon capture and removal, as well as long-duration energy storage. The goal is to accelerate a low-carbon economy through scalable and groundbreaking solutions. Applications are open until May 31.

Impact Hub, in partnership with Tencent and other global collaborators, announces the launch of CarbonX 2.0, an innovative program seeking proposals from early-stage startups, research institutions, and universities developing advanced solutions for carbon capture, removal, and long-duration energy storage.

CarbonX 2.0 provides a real-world testing environment and key resources for pilot project development across four priority industrial areas:

• Carbon Dioxide Removal – Innovative technologies that capture and eliminate CO₂ from the atmosphere.
• CCUS for the Steel Industry – Carbon capture, utilization, and storage solutions applied to the steel sector.
• Long-Duration Energy Storage – New approaches for efficient renewable energy storage.
• CarbonXmade – Integration of captured carbon into chemical products and consumer goods.

Program Benefits
CarbonX 2.0 offers a range of benefits, including up to 1 million USD in funding for pilot projects with implementation potential and alignment with the program’s vision. Participants also gain access to mentoring, industry experts, technical resources, and strategic industry partnerships, accelerating the development and scalability of proposed solutions.

The program is seeking ambitious, scalable projects capable of achieving significant cost improvements with the right support.

Applications are open until May 31, 2025. A Q&A session will be held on May 13 at 12:00 PM (Lisbon time | 8:00 AM Brazil time). Participation is free — register at: https://lu.ma/user/impacthublisbon

For more information, visit @impacthub_lisbon or apply directly at https://carbonxprogram.com

About Tencent
Tencent is a global technology company focused on innovation and committed to tackling the world’s most pressing challenges. Through initiatives like CarbonX, Tencent supports bold, science-based climate solutions with real impact potential.

About CarbonX 2.0
CarbonX 2.0 is a Tencent initiative, in collaboration with global partners, that seeks proposals from startups, research institutions, and universities focused on advanced technologies for carbon capture, removal, and energy storage. The program supports pilot projects in four strategic industrial areas, offering testing environments and resources for technical and market development.

About Impact Hub Lisbon
Impact Hub Lisbon is the Portuguese chapter of the global Impact Hub network, present in over 110 cities worldwide. Since 2016, it has been accelerating the transition to a new economy by supporting entrepreneurs, companies, and institutions working toward a more sustainable, inclusive, and innovative future. Through a community-based approach and global methodologies, it offers coworking spaces, incubation and acceleration programs, strategic consulting, and innovation-focused events. Since its founding, it has supported over 700 entrepreneurs in developing solutions in circular economy, sustainability, diversity, and inclusion.
More info: https://lisbon.impacthub.net/