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This startup hopes to get the world to net zero through its platform to construct wooden buildings with significantly less carbon footprint than traditional methods.
Urban growth is a massive contributor to the climate crisis and produces a large amount of CO2. This is partly because concrete and steel, which many buildings are made of, are simply not sustainable.
The Barcelona-based startup, 011h, thinks that timber could be the answer. They believe that if we can standardize and digitize the building process to make it repeatable and scalable while shifting to sustainable materials, we can make net-zero buildings faster, cheaper, and more sustainable.
011h has already completed a project with Renta Corporación, a publicly-traded developer, where the “embodied carbon” of the building was reduced by more than 90 percent compared to traditional methods. Construction time was also reduced by 35 percent. The success of the project has helped the company raise €25 million in Series A funding and led to three more major projects.
Lucas Carné, co-founder and co-CEO of 011h, told Tech Crunch that the impact of reducing the carbon footprint of buildings should not be underestimated.
“If the embodied carbon of every building were reduced by more than 90%, this would reduce 10% of annual global CO2 emissions, this is equivalent to three gigatonnes of CO2 every year. In real terms, this is almost 2x more carbon than completely transitioning from petrol to electric vehicles; and is equivalent to eliminating 1 billion domestic gas boilers.”
The company plans to focus first on its home base of Spain and then move internationally. This could be a significant help to curb Climate change and create a more sustainable future.
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