South Pole is preparing to launch TechGen, a buyers’ club aimed at unlocking financing for large-scale carbon removal projects. Scheduled to begin in 2026 with founding members, the platform will allow corporations to pool resources and secure long-term contracts across a diversified mix of carbon removal technologies.
The effort targets one of the biggest hurdles in climate finance: the lack of market structures to support high-integrity, durable carbon removals. “If we need to go far, we need to go together. We are proud to convene a buyers club of climate leaders who share our ethos and clarity on the need for action and impact,” said Daniel Klier, CEO of South Pole. “Carbon removals are essential to ensure the long-term stability of our economy and society.”
South Pole executives argue that collective purchasing helps companies manage risk and lower transaction costs.
“Companies are under immense pressure to reach net zero — a goal that cannot be met without a credible removals strategy,” said Michael Weber, the firm’s global carbon removal director. “Our Buyers Club is designed to de-risk that investment, share the responsibility of building the market, and give buyers reliable access to high-quality removals without having to go it alone.”
Relation to NextGen?
The name TechGen shares a distinct similarity with another initiative in which South Pole is involved with – NextGen CDR. But unlike NextGen, which runs until 2030, TechGen is fully owned by South Pole and has no set end date.
The platform is designed to attract both newcomers and experienced companies, offering pooled purchasing power, annual project portfolios, and multi-year commitments with a focus on technology-based carbon removal.
The company added that all credits will meet ICROA-endorsed standards, with an emphasis on permanent, verifiable removals. NextGen will continue operating independently until its planned conclusion in five years.
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