Published by Todd Bush on October 31, 2024
WASHINGTON, D.C. — As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) today issued a Request for Information (RFI) to obtain public input regarding additional approaches that current and future DOE programs could implement to help direct air capture (DAC) technology developers address challenges in raising project investment capital and achieving sustained facility operations. This RFI will help inform the Regional DAC Hubs program, which supports an ecosystem of projects that aim to remove harmful legacy carbon dioxide (CO₂) from the atmosphere and accelerate efforts to meet President Biden and Vice President Harris’ ambitious clean energy and climate goals.
>> In Other News: Ways2H Achieves Major Milestone in Carbon-Negative Hydrogen Production
The goal of this RFI is to understand how federal funding may complement existing DOE funding mechanisms supporting development, construction, and partial operations funding for first-of-a-kind (FOAK) commercial demonstrations and supplement other government incentives (e.g., 45Q tax credit) in support of direct air capture technology commercialization and spurring the development of the Regional DAC Hubs. DAC is a process that separates CO₂ from the air, helping to reduce legacy CO₂ in the atmosphere. The separated CO₂ can then be safely and permanently stored deep underground or converted into useful carbon-containing products like concrete, preventing its release back into the atmosphere. Widespread deployment of DAC and other innovative technologies that capture emissions are key to combatting the climate crisis and reinforcing America’s global competitiveness in the zero-carbon economy of the future. DOE estimates that reaching the Biden-Harris Administration’s plan for a net-zero carbon emissions economy will require that between 400 million and 1.8 billion metric tons of CO₂ be removed from the atmosphere and captured from emissions sources annually by 2050.
In August 2023, under the Regional DAC Hubs program’s first funding opportunity, DOE announced the selection of 21 projects for award negotiations, including two Regional DAC Hubs in Louisiana and Texas. The additional 19 projects, managed by DOE’s Office of Fossil Energy and Carbon Management (FECM), received funding for earlier stages of project development, including feasibility assessments and front-end engineering and design studies. In September 2024, OCED released a Notice of Intent on the next round of anticipated funding for the Regional DAC Hubs program, expected in winter 2024.
Responses to the RFI are due by December 17, 2024, at 5 p.m., ET. OCED may publicly share a summary of the responses in written, webinar, or other formats. View the RFI here.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌬️ Aircapture's Patented Microwave Direct Air Capture Technology Wins Tencent CarbonX 2.0 Award 🗾 Fujifilm, Tokyo Gas and TGES Agree to Supply City Gas Linked to Biomethane Produ...
Inside This Issue ⚡ FuelCell Energy and Fit Energy Announce Strategic Agreement for Up to 380 MW of Clean Power for Data Centers 🧭 China's Renewable Energy Mandates Set the Stage for Expanded Hydr...
Inside This Issue 🚢 Fortescue and CMB.TECH Sign Milestone Agreement for 12 Ammonia Bulkers to Accelerate Zero-Emissions Shipping 🌱 Mati Carbon Hits New Bar for Carbon Removal Certification With Is...
Aircapture's Patented Microwave Direct Air Capture Technology Wins Tencent CarbonX 2.0 Award
Aircapture will use the award to scale its DAC system engineered to reduce the cost of carbon capture at scale BERKELEY, Calif., June 25, 2026 /PRNewswire -- Aircapture, a Berkeley-based direct ai...
Groundwork BioAg Issues First Verified Carbon Credits Under Rootella Carbon® Program
Milestone issuance of high-durability soil carbon credits, the first to be issued under Verra VM0042 standard in the US, delivers highly-scalable carbon removal at a fraction of durable CDR costs. ...
HOPA Ports and the Mississaugas of the Credit Business Corporation (“MCBC”), the entity representing the business development interests of the Mississaugas of the Credit First Nation (“MCFN”), have...
Deep Sky Corporation today announced a strategic investment from Sumitomo Mitsui Banking Corporation (SMBC), supporting the advancement of Japan's carbon dioxide removal (CDR) and direct air captur...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.