The Department of Energy on Friday offered the first glimpse of the carbon-sucking projects it intends to support in the next direct air capture funding competition.
DOE plans to offer $1.8 billion to spur a mixture of direct air capture hubs, midsize plants, and sites that can provide clean energy and CO2 storage infrastructure for DAC developers.
The agency has already committed $1.4 billion of the $3.5 billion program and selected two of the four DAC megaprojects required by the 2021 bipartisan infrastructure law.
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The new competition could provide matching funds for up to six hubs, according to DOE’s funding notice. Each DAC hub would need to remove up to 1 million metric tons of carbon annually and could win up to $600 million from DOE.
