DOE Announces $14.5 Million Supporting Direct Air Capture and Storage For Low Carbon Energy Sources
The U.S. Department of Energy today announced $14.5 million in available funding to leverage existing low-carbon energy to scale-up direct air capture (DAC) technology combined with reliable carbon storage. DAC, a carbon dioxide removal approach, is a process that separates carbon dioxide (CO2) from ambient air. The separated CO2 can then be safely and permanently stored deep underground or converted into products. DAC is considered a growing and necessary field that still requires significant investments to create a cost-effective and economically viable technology that can be deployed at scale in the commercial CO2 market. Advancing the deployment of DAC approaches is critical to combatting the current climate crisis and achieving net-zero emissions by 2050—a key priority for the Biden-Harris Administration.
“We must deploy multiple approaches—such as emerging direct air capture technology—to address issues with difficult to decarbonize industries such as planes, ships, and farming equipment,” said Secretary of Energy Jennifer M. Granholm. “With President Biden’s largest-ever proposed investment in carbon removal and DOE investments to accelerate the carbon removal of current sectors by using low carbon energy, this Administration is taking significant steps to tackle the climate crisis, at home and abroad.”