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U.S. Department of Energy launches $3.5b carbon-capture program
Investors - MAY 20, 2022

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U.S. Department of Energy launches $3.5b carbon-capture program

by Released

The U.S. Department of Energy (DOE) has released a Notice of Intent (NOI) to fund the Bipartisan Infrastructure Law’s $3.5 billion program to capture and store carbon-dioxide (CO2) pollution directly from the air.

The Regional Direct Air Capture Hubs program will support four large-scale, regional direct air-capture hubs that each comprise a network of carbon-dioxide removal (CDR) projects to help address the impacts of climate change.

In addition to efforts to deeply decarbonize the economy through methods such as clean power, efficiency, and industrial innovation, the widespread deployment of direct air capture technologies and CO2 transport and storage infrastructure plays a significant role in delivering on President Biden’s goal of achieving an equitable transition to a net-zero economy by 2050.

“The UN's latest climate report made clear that removing legacy carbon pollution from the air through direct air capture and safely storing it is an essential

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