US-based CarbonCapture and partners raise €11.5M to build Direct Air Capture Hub in Wyoming

California-based CarbonCapture, a company that makes machines that remove carbon dioxide directly from the atmosphere, and a team of strategic partners have been selected to receive $12.5M (nearly €11.5M) in funding.

The money came from the United States Department of Energy (DOE) to develop a megaton-scale direct air capture (DAC) hub in Southwest Wyoming.

The project’s first phase involves a FEED study for a DAC facility capable of annually capturing 200,000 tonnes of CO2. The captured CO2 will either be stored in geological formations by Frontier Carbon Solutions or used as feedstock for sustainable aviation fuel (SAF) production by Twelve.

Other partners include the University of Wyoming, Fluor, Carbon Direct, INTERA, EPRI, Carbon-Based Consulting, Icarus, and Novus Energy Advisors.

Adrian Corless, CEO and CTO of CarbonCapture says, “We’re extremely grateful for the DOE’s support of our efforts to establish Wyoming as a global center of excellence for direct air capture.”

“This funding will accelerate both the deployment of megaton-scale DAC capacity in Wyoming and the emergence of a new carbon management industry in the region,” adds Corless.

Fund allocation to a DOE programme

The Bipartisan Infrastructure Law of May 2022 allocated $3.5B to a Department of Energy programme focused on establishing multiple large-scale regional DAC (direct air capture) hubs.

CarbonCapture’s Wyoming hub is one of five projects selected under Topic Area 2 to receive DOE funding for this initiative.

The beginning stage of the Wyoming DAC hub project includes conducting engineering studies for a carbon removal facility and SAF production plant, along with developing an infrastructure plan to transport captured CO2 for sequestration and utilisation.

Nicholas Flanders, CEO & co-founder of Twelve says, “Collaboration is essential for creating a just, regenerative, and climate-positive future. We look forward to working together in Wyoming to revolutionise the transformation of captured CO2 into valuable products through the integration of DAC technology.”

The Wyoming DAC hub project includes the development of a comprehensive community benefits plan, encompassing workforce development, support for Wyoming Tribes, conservation, and community infrastructure initiatives. 

The project’s main goal is to align the emerging DAC industry with the cultural and values of Wyoming’s local communities.

School of Energy Resources (SER) Research Scientist and UW lead Selena Gerace says, “The community benefits plan for the DAC hub is an important opportunity for us to partner with the communities of Southwest Wyoming while building out the DAC industry.”

“SER has long engaged with Wyoming’s energy communities on novel technologies and will continue to do so alongside CarbonCapture. DAC can be an important part of economic diversification for the state. Ensuring strong community engagement and partnerships at early stages is vital for this industry to be successful.”

CarbonCapture has been selected by the DOE to be an anchor or co-anchor DAC technology provider in three additional projects: the Southwest Regional DAC Hub in Arizona, the Aera DAC Hub in California, and the Illinois Basin Regional DAC Hub in Illinois.

Brief about CarbonCapture

Founded in 2019, CarbonCapture develops and deploys direct air capture (DAC) machines using a modular open systems architecture (MOSA) for scalable and efficient carbon dioxide removal from the atmosphere.

The company’s technology platform allows for plug-and-play upgrades, mass production, unlimited scalability, and rapid technology iterations. The captured CO2 can be permanently stored or used in the production of low-carbon fuels and industrial products.

Hot this week

German home energy management firm tado° welcomes new CEO, Philip Beckmann

Beckmann takes over from Toon Bouten, who was instrumental in establishing tado° as the European market leader in intelligent indoor climate management.

Wood tech firm Modvion is building the world’s tallest wooden wind turbine tower in Sweden

This tower will be the company’s first commercial installation and is being commissioned by the energy company Varberg Energi, located in the municipality of Skara, Sweden.

Finland’s Elisa signs €170M credit facility to provide sustainable solution through digitalisation; Know more

Elisa's five-year facility contains a two-year extension option and is designed for general business uses.

US-based BeeHero launches Pollination Insight Platform to enhance crop pollination through in-field sensing

BeeHero's new solution gathers data on pollinator behavior and environmental conditions to provide AI-driven insights for growers.

Honeywell and Amsterdam’s Arcadis unite to help building owners reduce energy use and carbon emissions

With this collaboration, the companies will offer tools and services to assist commercial buildings in optimising energy consumption and carbon emissions.

Belgium-based Tree Energy Solutions raises €140M for green hydrogen-derived electric natural gas production

The funds raised will be allocated towards the advancement of TES' worldwide assortment of large-scale e-NG production projects, as well as its import terminal initiative in Wilhelmshaven, Germany.

Sweden-based Candela secures €25M to scale world’s first electric hydrofoil ferry, P-12

The funding will support scaling up Candela P-12, the world’s first fast and long-range electric hydrofoil ferry.

Amsterdam’s Finch Buildings secures funding to tackle climate crisis and housing shortage in Netherlands

This funding aims to expedite the growth of Finch Buildings' construction platform, with a dual focus on addressing the climate crisis and the housing shortage in Amsterdam and the Netherlands.

Climeworks and LEGO Group announce partnership to permanently remove CO2 from the air: Know more

The long-term agreements with the LEGO Group and KIRKBI play a vital role in facilitating Climeworks’ journey to scale up CO2 removal, aiming at megaton and, eventually, gigaton levels by 2050.

Circular secures €9.7M to scale its platform for sourcing recycled materials

Circular, launched in 2022, is a sustainable sourcing platform that simplifies the trade of post-consumer recycled materials through a vast curated database.

Lithuanian fintech firm HeavyFinance to raise €50M for green farming in European SMEs

This funding will be specifically tailored to assist in the decarbonisation efforts within the agricultural sectors of Bulgaria, Latvia, Lithuania, Poland, and Portugal.

BASF and Inditex aim to transform textile recycling with loopamid; Here’s how

Zara reports that it has turned the material into a jacket crafted entirely from loopamid, showcasing the potential of this innovation. 

US-based MethaneSAT launches aboard SpaceX Falcon 9 to measure methane emissions

The satellite aims to safeguard the Earth's climate by accelerating the reduction of methane, a potent greenhouse pollutant. Its primary focus is on monitoring and addressing methane emissions from oil and gas operations.
spot_img

Related Articles

Popular Categories

spot_imgspot_img