Enchant Energy

What Enchant Energy does

Enchant Energy Corporation is a privately held carbon capture, utilization, and sequestration (CCUS) developer founded in 2019 and headquartered in Farmington, New Mexico. The company retrofits existing fossil fuel power plants and large industrial emitters with modular, post-combustion carbon capture systems — deploying amine-based solvents at the Four Corners Power Plant (joint venture with Navajo Transitional Energy Company, targeting 5 million metric tons of CO2 per year in Phase I) and potassium carbonate technology at a Kansas Power Plant (targeting 2 million metric tons per year). Both projects qualify for IRS §45Q tax credits worth up to $85/metric ton for geologic sequestration and are scheduled to come online in Q1 and Q3 of 2029, respectively.

Enchant monetizes captured CO2 through multiple downstream pathways: sale to oil and gas operators for enhanced oil recovery, permanent storage in geological formations via partner carbon management companies, or conversion into marketable products such as syngas, methanol, sustainable aviation fuel, pure black carbon, and graphite via its R&D pipeline. An emerging 2026 letter of intent with Creekstone Energy extends the model into hyperscale data center power generation. Revenue mechanics blend long-term managed-service CCUS contracts with transaction-fee CO2 disposition and §45Q direct-pay tax credits.

The company's go-to-market is enterprise field sales to a narrow set of power plant and industrial counterparties, executed through a partnership-heavy stack that includes Mitsubishi Heavy Industries America (technology), Sargent & Lundy (FEED), Kiewit Power (construction), Derivee Power (capital), and several national laboratories and universities (R&D). Enchant is pre-revenue operationally, with its flagship monetization events still several years out and capital formation still in early stages — only $100,039 had been sold as of its 2021 SEC Form D filing against a $3 million target.

Name

Enchant Energy

Legal name

Enchant Energy Corporation

Website

https://enchantenergy.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Enchant Energy Corporation is a private CCUS developer founded in 2019 that retrofits fossil fuel power plants and industrial emitters with modular post-combustion carbon capture technology, monetizing captured CO2 through EOR sales, geological sequestration, conversion to fuels, and IRS §45Q tax credits.

Ownership category

akta.pro rank

Product category

Carbon Capture and Sequestration Services

akta.pro primary industry

Carbon Removal Project Development, Financing & Offtake (Developers, Aggregators, Buyers Clubs) (EUABAFAL)

akta.pro secondary industry

Industrial Carbon Capture Integration & Retrofit Engineering (Capture-Ready, Balance-of-Plant) (EUABAJAJ)

Keywords

• Carbon capture services
• Post-combustion capture
• CO2 sequestration
• Enhanced oil recovery
• Carbon utilization

Headquarters

HQ city

Farmington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. CCUS as a Service: Enchant Energy provides carbon capture, utilization, and sequestration as a service to emitters, oil and gas companies, sequestration companies, and other utilizers of carbon dioxide. Revenue is generated through long-term service contracts with power plants and industrial facilities for carbon capture deployment and management.
2. CO2 Sales for Enhanced Oil Recovery: Captured CO2 is sold to oil and gas companies for use in enhanced oil recovery operations. The CO2 captured from the Four Corners Power Plant project will be sold to an oil and gas company for EOR.
3. Geological Storage Services: Captured CO2 is permanently stored in geological formations, generating revenue through sequestration service contracts with carbon management companies
4. Carbon Product Conversion: Converting captured CO2 into marketable liquid fuels and carbon products, generating revenue from the sale of sustainable fuels and carbon products rather than incurring sequestration costs
5. IRS §45Q Tax Credits: Projects are designed to qualify for IRS §45Q tax credits worth up to $85/metric ton for carbon captured and sequestered in geologic formations, $60/metric ton for utilization, providing significant indirect revenue through tax incentives

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Enchant Energy provides carbon capture, utilization, and sequestration (CCUS) as a service to fossil fuel power plants, large industrial emitters, oil and gas companies, sequestration companies, and other CO2 utilizers. The company develops carbon capture projects by retrofitting existing facilities with modular, pre-engineered post-combustion carbon capture technologies (amine-based and potassium carbonate) and disposes of the captured CO2 through enhanced oil recovery, geological sequestration, or conversion into marketable fuels and products.

Product overview

Enchant Energy Corporation offers Carbon Capture, Utilization, and Sequestration (CCUS) as a service through a portfolio of projects and technologies. The core offering consists of retrofitting fossil fuel power plants and industrial emitters with modular, post-combustion carbon capture technologies (amine-based and potassium carbonate). The flagship Carbon Capture and eFuels Production project combines capture with conversion to liquid fuels. Specific projects include the Four Corners Power Plant (amine capture, 5M metric tons/year Phase I) and Kansas Power Plant (potassium carbonate, 2M metric tons/year), with the San Juan Generating Station FEED study establishing the technical foundation. The R&D portfolio includes Carbon Conversion R&D (producing syngas, methanol, sustainable aviation fuel, graphite) and a solid sorbent metal organic framework-polymer composite for capture efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Capture, Utilization, and Sequestration (CCUS) Services Enchant Energy provides carbon capture, utilization, and sequestration as a service to emitters, oil and gas companies, sequestration and transportation companies, and other utilizers of carbon dioxide. The company develops carbon capture facilities for fossil fuel power plants and industrial emitters by retrofitting them with proven, modular, and cost-effective post-combustion carbon capture technologies that can be implemented quickly, then manages the disposition of captured CO2 through EOR, geological storage, or product conversion.
• Carbon Capture and eFuels Production Flagship integrated offering combining post-combustion carbon capture with conversion of captured CO2 into marketable fuels and carbon products, including syngas, methanol, sustainable aviation fuel, pure black carbon, and graphite. Designed to qualify for IRS §45Q tax credits.

Quantifiable outcome

• 90%+ CO2 capture rates at commercial scale
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

13 partnerships are on record, tiered flagship, core, major and supporting.

• Creekstone Energy LLCflagshipStrategic or Co-development Partner · 27 May 2026Letter of intent to develop a carbon capture and utilization solution for the Creekstone Delta Gigasite, a planned hyperscale data center campus in Millard County, Utah. Partnership aims to capture CO2 from planned Phase 1 power generation facility and convert it into low-carbon fuels, creating an integrated carbon-capture-to-clean-fuels ecosystem.
• Navajo Transitional Energy Company (NTEC)coreStrategic or Co-development PartnerJoint venture partnership with NTEC for the Four Corners Power Plant carbon capture and sequestration project in New Mexico. NTEC is the third largest coal producer in the U.S. and is wholly-owned by the Navajo Nation. The project will retrofit coal-fired power generation units with modular amine capture technology to capture 5 million metric tons of CO2 per year in phase I.
• Derivee PowercoreStrategic or Co-development PartnerWorld-class energy investor and innovator partner providing investment and strategic support for carbon capture project development.
• Mitsubishi Heavy Industries AmericamajorTechnology or IntegrationTechnology partner with experience and expertise in CCUS providing carbon capture technology solutions.
• Sargent & LundymajorTechnology or IntegrationEngineering partner with CCUS experience providing front-end engineering and design expertise for carbon capture projects.
• Kiewit PowermajorTechnology or IntegrationEngineering and construction partner with CCUS experience providing project execution capabilities for carbon capture installations.
• Los Alamos National LaboratorysupportingStrategic or Co-development PartnerResearch partnership with Los Alamos National Laboratory for CCUS technology development and expertise.
• Sandia National LaboratoriessupportingStrategic or Co-development PartnerResearch partnership with Sandia National Laboratories for CCUS technology development and expertise.
• New Mexico Institute of Mining and TechnologysupportingStrategic or Co-development PartnerAcademic partnership with New Mexico Institute of Mining and Technology for research and technical expertise in CCUS.
• New Mexico Bureau of GeologysupportingStrategic or Co-development PartnerTechnical partnership with New Mexico Bureau of Geology for geological assessment and carbon sequestration expertise.
• University of New MexicosupportingStrategic or Co-development PartnerAcademic partnership with University of New Mexico for research and development in CCUS technologies.
• University of UtahsupportingStrategic or Co-development PartnerAcademic partnership with University of Utah for research and development in CCUS technologies.
• University of WyomingsupportingStrategic or Co-development PartnerAcademic partnership with University of Wyoming for research and development in CCUS technologies. The University of Wyoming School of Energy Resources is chaired by Enchant's Board Chair Cindy Crane.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Aker Carbon Capture: Aker Carbon Capture is a Norway-based pure-play carbon capture company offering amine-based post-combustion capture systems for industrial emitters and power plants. It is directly comparable to Enchant Energy in technology (amine-based solvent capture), target customers (power and industrial emitters), and modular system design.
• Carbon Clean: Carbon Clean is a UK-based provider of modular, point-source carbon capture solutions for industrial emitters including power, cement, and steel. Its CycloneCC technology and project development model closely mirror Enchant Energy's modular pre-engineered approach targeting fossil fuel power plants and heavy industry.

Broad incumbents

• Mitsubishi Heavy Industries: MHI is a global heavy industrial conglomerate whose Kansai Mitsubishi Carbon Dioxide Recovery (KM CDR) process is one of the most commercially deployed amine-based post-combustion capture technologies. MHI is both an Enchant partner and a broader incumbent competitor that can supply capture technology directly to power plants.
• Fluor Corporation: Fluor is a major global EPC contractor with an established CCUS practice that delivers front-end engineering, design, and project execution for carbon capture and sequestration facilities at power plants and industrial sites. It is comparable to Enchant as a project execution partner/competitor in the same retrofit market.
• Babcock & Wilcox: Babcock & Wilcox is an established power generation technology provider that has developed carbon capture solutions (including its BrightLoop™ platform) for fossil fuel power plants and industrial applications. It is comparable to Enchant Energy as a broader incumbent serving the same power plant decarbonization market with greater scale and capital resources.

Emerging players

• Heirloom Carbon: Heirloom Carbon is a direct air capture company using limestone-based sorbents to remove CO2 from the atmosphere. While focused on DAC rather than point-source post-combustion capture, it is comparable to Enchant Energy as a U.S.-based climate-tech company competing for similar §45Q tax credit-driven financing and customer pipelines.
• C-Quest Capital: C-Quest Capital is a carbon project developer and finance entity that originates, aggregates, and finances carbon credit projects globally. It is comparable to Enchant Energy in the carbon project development and financing layer, though C-Quest is primarily nature-based and cookstove-focused rather than industrial CCUS.
• CarbonCapture Inc. CarbonCapture Inc. is a U.S. climate-tech company developing direct air capture systems with downstream mineralization for permanent CO2 storage. It is comparable to Enchant Energy as a U.S. carbon removal project developer pursuing §45Q monetization and large-scale offtake agreements, though focused on DAC rather than point-source capture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/EnchantEnergy
• Facebookfacebook.com/enchantenergy
• LinkedInlinkedin.com/company/enchant-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enchant Energy