{"id":54110,"date":"2024-12-20T09:33:25","date_gmt":"2024-12-20T09:33:25","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=54110"},"modified":"2024-12-20T09:33:25","modified_gmt":"2024-12-20T09:33:25","slug":"us-accelerates-climate-action-with-1-8bn-direct-air-capture-funding","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/us-accelerates-climate-action-with-1-8bn-direct-air-capture-funding\/54110\/","title":{"rendered":"US accelerates climate action with $1.8bn direct air capture funding"},"content":{"rendered":"

The United States Department of Energy (DOE) has launched a major initiative to combat climate change, offering up to $1.8bn in funding to support the development and commercialisation of direct air capture (DAC) technologies.<\/h2>\n

This move marks a significant step toward achieving large-scale carbon removal<\/a> from the atmosphere, reinforcing America\u2019s global competitiveness in clean energy and creating economic opportunities for communities nationwide.<\/p>\n

What is direct air capture?<\/h3>\n

Direct air capture is an advanced climate technology designed to remove carbon dioxide (CO2) directly from the atmosphere.<\/p>\n

Unlike traditional carbon capture methods that focus on emissions from industrial sources, DAC targets CO2 that has already been released, referred to as \u2018legacy emissions.\u2019 This makes DAC a critical tool for addressing historical contributions to climate change.<\/p>\n

Direct air capture systems use chemical processes to capture CO2, which can then be stored underground in geological formations or utilised in products like concrete or synthetic fuels.<\/p>\n

By providing a scalable solution to remove atmospheric carbon, DAC holds immense potential for mitigating the impacts of climate change and achieving net-zero emissions goals.<\/p>\n

Regional DAC Hubs Program: Building a national network<\/h3>\n

The funding initiative is part of the DOE\u2019s Regional DAC Hubs program<\/a>, which aims to create a nationwide ecosystem of DAC facilities and supporting infrastructure.<\/p>\n

These hubs are designed to foster collaboration between technology developers, industry stakeholders, and local communities, ensuring that DAC technologies can scale effectively.<\/p>\n

The initiative\u2019s first solicitation in August 2023 selected 21 projects for award negotiations, including two major hubs in Louisiana and Texas.<\/p>\n

These projects span a range of development stages, from feasibility studies to front-end engineering and design (FEED) efforts, laying the groundwork for future DAC hubs.<\/p>\n

Comprehensive funding opportunities<\/h3>\n

The $1.8bn funding opportunity focuses on mid- and large-scale commercial direct air capture facilities and complementary infrastructure platforms.<\/p>\n

By addressing critical gaps in the commercialisation process, the funding aims to accelerate the transition from pilot projects to fully operational hubs.<\/p>\n

Here\u2019s a breakdown of the three primary funding areas:<\/p>\n

    \n
  1. \n

    Infrastructure Access Platforms<\/h4>\n<\/li>\n<\/ol>\n

    Up to $250m per project is available to support 1-3 infrastructure access platforms. These host sites will provide DAC developers with access to clean energy and shared CO2 storage or utilisation solutions<\/a>, reducing barriers to entry for emerging technologies.<\/p>\n

      \n
    1. \n

      Mid-Scale Commercial DAC Facilities<\/h4>\n<\/li>\n<\/ol>\n

      This category will fund 4-8 mid-scale DAC facilities, each capable of capturing between 2,000 and 25,000 tons of CO2 annually.<\/p>\n

      With a maximum funding allocation of $50m per project, these facilities will help developers prove their technology and business models on a smaller scale before scaling up.<\/p>\n

        \n
      1. \n

        Large-Scale Commercial DAC Facilities<\/h4>\n<\/li>\n<\/ol>\n

        Designed for larger operations, this category will fund 2-6 facilities with a minimum capture capacity of 25,000 tons of CO2 per year. Each project is eligible for up to $600m, supporting the transition to full-scale commercial operations.<\/p>\n

        The DOE intends to offer recurring funding opportunities to ensure that the DAC industry continues to innovate and expand. This sustained support will allow for the inclusion of next-generation DAC technologies and high-impact projects, fostering continuous growth and development.<\/p>\n

        Advancing climate solutions<\/h3>\n

        The widespread deployment of direct air capture technologies represents a pivotal moment in the fight against climate change.<\/p>\n

        By addressing legacy emissions and supporting a robust network of DAC hubs, the US is paving the way for a cleaner, more sustainable future.<\/p>\n

        The initiative not only mitigates environmental impacts but also creates new jobs and economic opportunities for American communities and industries.<\/p>\n

        With this funding, the US takes a bold step toward achieving its climate goals and securing a sustainable future for generations to come.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Learn how the US is advancing climate action with $1.8bn in funding for innovative direct air capture technologies.<\/p>\n","protected":false},"author":15,"featured_media":54111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24204],"tags":[24536,24229],"acf":[],"yoast_head":"\nUS accelerates climate action with $1.8bn direct air capture funding<\/title>\n<meta name=\"description\" content=\"Learn how the US is advancing climate action with $1.8bn in funding for innovative direct air capture technologies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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