CarbonCapture Wins DOE Carbon Dioxide Removal Purchase Pilot Prize

CarbonCapture Wins DOE Carbon Dioxide Removal Purchase Pilot Prize - Carbon Herald

American direct air capture (DAC) company CarbonCapture won the initial stage of the US Department of Energy’s (DOE) Carbon Dioxide Removal Purchase Pilot Prize.

This program awards companies that can offer reliable carbon removal solutions with permanent storage and a thorough monitoring system. 

By winning this initial phase, CarbonCapture becomes eligible to compete for government contracts worth up to $3 million for their carbon removal credits.

Patricia Loria, VP of Business Development at CarbonCapture Inc., stated: “Winning an initial award as part of the DOE’s CDR purchase pilot program confirms that our DAC technology and project development—with a strong community engagement focus—are on the right track.” 

Relevant: DOE Announces 24 Semifinalists For Carbon Removal Purchase Pilot Prize

“We’re excited to drive our projects forward and, hopefully, begin supplying the U.S. government with durable, scalable, and sustainable carbon removal credits.”

The DOE CDR Purchase Pilot Prize is a groundbreaking initiative – one of the first major government programs – where the U.S. government directly purchases carbon removal from domestic sources to achieve its goal of removing CO2 at a cost below $100 per net tonne (known as the Carbon Negative Shot). 

Through this program, the DOE aims to stimulate the American CDR market and workforce, improve transparency and efficiency in the market, and establish best practices to advance the most effective CDR technologies.

Relevant: CarbonCapture Inc. Is Looking For Partners For The Wyoming Regional DAC Hub

In the next phase of the competition, CarbonCapture will negotiate contracts with the DOE to deliver carbon removal, secure an independent body to implement their monitoring plan, find commercial buyers willing to purchase the credits, and develop a comprehensive plan that benefits the community.

CarbonCapture specializes in building and deploying DAC machines that work together in large networks, sucking significant amounts of CO2 out of the air. 

The company’s innovative modular design, with a patented open system architecture, allows for easy upgrades, large-scale production, limitless expansion, and swift technological advancements.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Translate »