California DAC consortium bids for hub funding
The group, which includes Brookfield Renewable and Southern California Gas Company, plans to develop capture and storage network across California
A consortium including US independent oil and gas producer California Resources Corporation (CRC), major clean energy investor Brookfield Renewable and utility Southern California Gas Company is working on plans to develop a network of direct air capture (DAC) and storage hubs across California. The consortium is expected to file an application for funding under the US Department of Energy’s (DoE) $3.5bn Regional DAC Hubs Initiative within the next few weeks. “[California’s] governor Newsom has set the most ambitious targets for California of any state in the nation—and in the world—to rapidly and permanently remove carbon from the atmosphere, and California DAC Hubs will be essential to hel
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth