Terraset's 2025 Annual Impact Report
If you only have seven minutes, here's what we did last year.
We just published our 2025 Annual Impact Report. If you want the full picture, it’s worth a read. But if you only have a few minutes, here are the four things we’d want you to take away from Terraset’s year.
1. We deployed capital when timing mattered.
This year we moved money to 25 projects earlier than conventional markets would, to the developers who needed it most, exactly when they needed it most.
Pyrogen in Kenya needed a buyer to bridge the gap between pilot and commercial deployment. SinkCo in Louisiana needed financial certainty to stay operational long enough to prove their solution works. Mafix in the Mississippi Delta needed someone to help cover early measurement costs before they could move to a 1,000-ton demonstration phase. In each case, we showed up before the market was ready to.
2. We built the first revolving fund for carbon removal.
In May, we launched something that didn’t exist before: a revolving fund dedicated entirely to carbon removal. Philanthropic capital pre-purchases early-stage credits, those credits get resold to buyers, and the revenue cycles back to fund the next round of commitments.
In its first year we deployed $1M+ across 13 deals and resold $200k+ to buyers. The capital gets re-invested in the fund, so it can be deployed into more projects.
3. We expanded beyond carbon.
For the first time, Terraset made purchases in superpollutant abatement and refrigerant destruction. Methane and refrigerants are among the most potent greenhouse gases, and destroying them delivers some of the fastest near-term climate wins available. This expansion means Terraset can now address multiple timelines of climate impact within a single portfolio.
4. We made the case for catalytic philanthropy.
When markets are small, who shows up and what they say matters. In 2025 we represented Terraset at more than 15 events including TEDx, Verge, and New York Climate Week. We published a developer survey, earned coverage in Trellis and Carbon Herald, and hosted the first ever Gritty Gala with Charm Industrial. Every conversation we joined made it easier for the next donor to say yes and the next developer to get funded.
We are moving fast in 2026.
Our priorities for 2026 are to grow the amount of catalytic capital flowing to greenhouse gas solutions, expand and globalize the revolving fund, and deploy new financial mechanisms to unlock more philanthropic capital.
Our big learning is that the work is too important to wait for perfect conditions.
So we won’t.
That’s the short version. If it resonates, the full report is linked below.
Read the full 2025 Annual Report →
Want to support what comes next?
Make a donation or reach out at hello@terrasetclimate.org.