Article
Description
1PointFive, a wholly owned subsidiary of Occidental, announced today it was selected to receive a grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) for the development of its South Texas Direct Air Capture (DAC) Hub. The hub, to be located on the King Ranch in Kleberg County, is expected to include the world's first DAC plant designed to remove up to 1 million metric tons of CO2 per year.
Other articles in the issue
The U.S. Department of Energy announced the selection of Aera Federal LLC to begin award negotiations, valued at $4.5 mln, to conduct a feasibility study for a regional direct air capture (DAC) hub at the Belridge oil field in Kern County, California. The feasibility study will be funded mostly by the US Department of Energy (DOE) and partly by Aera.
Lone Cypress Energy Services ("Lone Cypress") today announced the completion of the Front-End Engineering Design (FEED) study for its Lone Cypress Hydrogen Project located at the Elk Hills Field in Kern County, California. The study encompassed a 65 metric tonnes per day steam methane reformation plant with an integrated post combustion carbon capture system, hydrogen liquefaction, storage, dispensing, and all associated balance of plant infrastructure.
The grant award will help expand FirstElement Fuel's Santa Ana, CA Manufacturing Facility output by more than 10 times, increasing local jobs, and reducing greenhouse gas emissions by enabling more zero-emission transportation.
Electrochemistry innovator EDAC Labs announces $3M in seed funding to scale up its unique carbon removal technology. The round was led by the Grantham Foundation for the Protection of the Environment, an early-stage investor in climate-related innovations, together with a prominent set of angel investors.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.