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
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology