For those not familiar, r744 is a type of refrigerant, similar to r134a and r404a. In any refrigeration system (A/C units, refrigerators, freezers, heat pumps), a type of refrigerant is required to move heat out of the target location (but heat pumps can reverse direction to move it into a living space to provide heating). Note that this is a closed system and had nothing to do with sequestering CO2 or anything, it just uses the specific properties of the gas to move heat. If I recall correctly, this refrigerant has been used in the industrial space for many years already for related cooling applications but is now being marketed as a something that EVs can utilize for cooling battery systems because it’s thermo profile allows it to be used very efficiently in this particular use-case.
The other thing I want to point out is that the linked article is coming from a website who’s domain is r744.com so they may have some vested interest in publishing this research. That is to say, I don’t believe this to be fluff or misleading specifically, just something to keep in mind.