What Vero3 does

Vero3 is a Wyoming-incorporated, development-stage clean energy company founded in 2021 by natural resources veteran Tim McManus. It develops an integrated platform that co-produces permanent geological carbon sequestration, battery-grade lithium, and clean water from a single subsurface reservoir system at the Rock Springs Uplift in Southwest Wyoming, where it controls 14,000+ acres under a DOE CarbonSAFE Phase 3 site characterization. The platform uses artesian brine extraction, IBC Advanced Technologies' exclusively licensed Molecular Recognition Technology for direct lithium extraction at 99.5% recovery, Capture6's Direct Air Capture technology, and re-injection of waste brine and CO2 into the same or adjacent geological formations.

The company's revenue model is project-based and capital-intensive, with three planned transaction-fee streams (carbon storage, lithium sales, clean water) plus, under its partnership with Caterpillar and OnePWR Solutions, lower-carbon prime power generation targeted at data center operators and other mission-critical facilities. The first 500 MW power generation site is targeted for 2026 launch with stated plans for future global replication. Commercial arrangements (power purchase, offtake, and carbon/lithium/water contracts) are negotiated on a project-by-project, multi-year basis with enterprise counterparties; no consumer pricing exists.

Vero3 is privately held, led by CEO Brian Demet (joined 2025), Founder & Director Tim McManus, President Scott Durgin (ex-Peabody, joined 2024), and VPs covering Commercial, Finance, and Development. Capital formation to date has been primarily through Regulation Crowdfunding at $2.00 per share, with a stated target of a Nasdaq IPO in 2028 and a projected — not current — asset value of approximately $1.5 billion and annual profits of $183 million once the Wyoming facility is operational. The company is pre-revenue.

Name

Vero3

Legal name

Vero3 Inc.

Website

https://vero3.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Vero3 is a development-stage Wyoming clean energy company building an integrated platform that co-produces permanent carbon sequestration, battery-grade lithium, and clean water from a single subsurface reservoir, targeting data center operators and mission-critical facility customers.

Ownership category

akta.pro rank

Product category

Carbon Capture and Storage

NAICS

Support Activities for Mining (2131), Geophysical Surveying and Mapping Services (541360), Electric Power Generation (22111)

SIC

Oil & Gas Field Exploration Services (1382), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Lithium Mining & Brine Extraction (IMAKAFAA)

akta.pro secondary industries

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Carbon capture storage
• Lithium extraction
• Clean water production
• Direct air capture
• Data center decarbonization

Headquarters

HQ city

Cheyenne

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Carbon Storage Revenue: Revenue generated from permanent geological sequestration of carbon dioxide for mission-critical facilities such as data centers. The service is aligned with data center power pricing structures, securing green credentials for customers. Carbon capture includes both direct air capture (via Capture6) and integration with power generation operations.
2. Lithium Production Revenue: Revenue from battery-grade lithium extracted from lithium-rich brine using proprietary Molecular Recognition Technology. The lithium is produced at 99.5% recovery and battery-grade purity for sale into the battery supply chain, supporting the growing demand for electric vehicle and energy storage batteries.
3. Clean Water Production Revenue: Revenue from the production of large volumes of clean water during the brine processing stage. The water production also creates underground storage capacity for carbon and manages reservoir pressure while generating a third revenue stream from a single investment.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Vero3 operates an integrated subsurface platform at Wyoming's Rock Springs Uplift that co-produces three outputs from a single closed-loop system: permanent geological carbon storage, battery-grade lithium extracted from lithium-rich brine via licensed Molecular Recognition Technology (99.5% recovery), and clean water. The company pairs its platform with prime power generation (built/owned/operated by partners) to deliver carbon-neutral data center campus solutions for mission-critical facilities.

Product overview

Vero3 operates as a single integrated platform rather than a modular product suite. The core offering is an integrated carbon, lithium, and water solution for data centers and heavy industries, combining Direct Air Capture (DAC) technology via partner Capture6, Direct Lithium Extraction (DLE) via IBC Advanced Technologies' Molecular Recognition Technology, and permanent geological carbon sequestration. The platform processes lithium-rich brine from the Rock Springs Uplift to produce battery-grade lithium (99.5% recovery), clean water, and carbon storage capacity from a single subsurface system, creating three distinct revenue streams from one investment. Strategic partnerships with Caterpillar Inc. and OnePWR Solutions enable large-scale lower-carbon power generation for data centers, with the first 500 MW prime power generation project expected to launch in 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Vero3 Integrated Carbon-Lithium-Water Platform

Quantifiable outcome

• 99.5% lithium recovery rate at battery-grade purity
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• Caterpillar Inc.coreStrategic or Co-development Partner · 1 March 2026Caterpillar partnered with OnePWR and Vero3 in March 2026 to develop large-scale power generation and permanent carbon storage projects for the data center market. The collaboration combines natural gas prime power generation, carbon capture, battery energy storage, and permanent geological CO2 sequestration. Caterpillar provides power generation equipment and leads front-end engineering and design activities for carbon capture components. The first project is expected to launch in 2026 with an initial commitment to develop 500 MW of prime power generation, with plans for future global deployment.
• OnePWR SolutionscoreStrategic or Co-development PartnerOnePWR builds, owns, and operates the power generation and associated infrastructure for Vero3's projects, delivering reliable, around-the-clock power under long-term commercial arrangements with customers. The first project is expected to launch in 2026, with the initial development of a 500 MW prime power generation site, laying the foundation for future global deployment.
• Capture6coreTechnology or IntegrationCapture6, based in San Francisco, is Vero3's partner for Direct Air Capture (DAC) technology. Their innovative systems enable efficient atmospheric CO2 removal, directly integrating with Vero3's permanent geological storage infrastructure to create a complete carbon lifecycle solution.
• IBC Advanced TechnologiescoreOEM/ Whitelabel/ Licensing PartnerIBC Advanced Technologies provides Vero3 with exclusive U.S. licensing for their proprietary Direct Lithium Extraction processes. This partnership enables battery-grade lithium production from subsurface brines with minimal water and energy consumption — a cornerstone of Vero3's closed-loop system. The technology is based on Nobel Prize-winning Molecular Recognition Technology.
• State of WyomingflagshipOthersWyoming Governor Mark Gordon and State Engineer Brandon Gebhart have publicly endorsed carbon capture and water innovation as essential to Wyoming's energy transition. Vero3 works closely with state agencies for permitting, infrastructure coordination, and workforce development across Sweetwater County. The State of Wyoming is ranked the best U.S. business climate for five consecutive years with no corporate tax and low sales tax.
• U.S. Rep. Harriet M. HagemanflagshipOthersU.S. Representative Harriet M. Hageman is a federal advocate for Vero3's Wyoming project, publicly stating that Vero3's project is 'incredibly useful to not only Wyoming, but the entire nation' and that clean water and a domestic source of lithium are vital to promoting American energy production and the health and well-being of citizens.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Standard Lithium: Direct Lithium Extraction (DLE) developer focused on lithium-bearing brines in the Smackover Formation in Arkansas, using proprietary DLE technology. Highly comparable to Vero3's IBC-licensed DLE approach from subsurface brines, and one of the closest U.S. public-market DLE peers.
• EnergyX: Developer of direct lithium extraction and refining technologies targeting lithium-rich brines in South America and the U.S. Comparable to Vero3 on the DLE-from-brine technical approach and the goal of supplying battery-grade lithium to global supply chains.
• ioneer Ltd: U.S.-listed (ASX) lithium-boron developer advancing the Rhyolite Ridge project in Nevada using a DLE-style flowsheet on sedimentary brines and mineral resources. Comparable to Vero3 as a U.S.-domestic DLE-focused critical-minerals developer with DOE engagement.
• Lilac Solutions: Direct lithium extraction technology provider using ion-exchange beads, with pilot and commercial deployments on U.S. and international brines. Comparable to Vero3 on the DLE technology axis, though Vero3 is the project developer while Lilac is a technology licensor.

Broad incumbents

• SLB (formerly Schlumberger New Energy): Global oilfield services major with a dedicated New Energy business pursuing lithium extraction and carbon storage technologies. Comparable to Vero3 as a much larger, diversified competitor in DLE and subsurface CO2 storage, with broader resources and customer base.
• Albemarle Corporation: Largest U.S. lithium producer and a major global player in the lithium supply chain. Comparable to Vero3 as a U.S. lithium supplier targeting the battery and EV market, though Albemarle operates a broad portfolio of hard-rock and brine assets at much larger scale.
• Livent Corporation: Vertically integrated lithium chemicals producer with a focus on battery-grade lithium hydroxide and carbonate. Comparable to Vero3 as a battery-grade lithium producer, though Livent is established and commercial while Vero3 is pre-revenue.

Emerging players

• CarbonCapture Inc. Developer of large-scale direct air capture (DAC) and geological sequestration projects. Comparable to Vero3 on the geological carbon sequestration component, though CarbonCapture's focus is DAC-to-storage rather than integrated lithium-water co-production.
• Heirloom Carbon: DAC technology company using limestone-based sorbents to capture CO2 from the atmosphere for permanent storage. Comparable to Vero3 on the carbon-removal-and-storage axis, particularly relevant given the Capture6 partnership, though Heirloom focuses solely on carbon rather than integrated critical-minerals.
• Crusoe Energy: Data-center infrastructure company that has pivoted from flared-gas-powered crypto mining toward AI/HPC compute infrastructure with low-carbon energy sources. Comparable to Vero3 on the data-center-customer-and-clean-power value proposition, though Crusoe is a compute operator rather than a subsurface resource developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vero3ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Vero3