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
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub