UK Firm Pure Data Centres to Sell Carbon-Removal Credits to Cloud Providers

Pure Data Centres, a UK firm backed by private credit specialist Oaktree, is launching a platform to sell carbon-removal credits to large cloud-computing providers. The platform will connect data-centre operators with buyers seeking verified removals of carbon dioxide from the atmosphere.

Centres stated the credits will come from projects that capture and store carbon using methods such as direct-air capture and bioenergy with carbon capture and storage. The company did not disclose pricing, volume targets, or specific buyers.

For carbon-removal credits has risen as technology companies increase power consumption from data centres. Oaktree's backing provides capital for project development and credit verification processes.