Microsoft Expands Carbon Removal Deal with Stockholm Exergi to 5.08 Million Tons

Microsoft has expanded its carbon removal credit agreement with Stockholm Exergi, increasing the total volume to 5.08 million tons of CO₂ over 10 years, up from 3.33 million tons. Stockholm Exergi called it the world’s largest carbon removal deal.

The project uses BECCS (bioenergy with carbon capture and storage) technology at a $1.3 billion facility, which provides heating to Stockholm. CO₂ captured at the plant will be transported to Norway for permanent storage under the North Sea.

The CO₂ storage will be carried out in partnership with the Northern Lights project, led by Equinor, Shell, and TotalEnergies, reinforcing Microsoft's efforts to offset emissions.