The Department of Energy just awarded $22 million of grants across 18 direct air capture companies. This is a big deal, it's the largest grant that I've heard of going directly to direct air capture tech. Even better, most of the money is going towards basic R&D, about $1 million per project, most of which I had never heard of before the announcement. There's also other grants that are going towards supporting scaling up more mature technologies like Global Thermostat's system.
This week I made a video about this $22 million experiment and what it means, watch it on YouTube here. I also joined the Carbon Removal Newsroom to walk through every single one of the fundees with Nori's Ross Kenyon. That dropped this morning, listen to the Carbon Removal Newsroom here.
What's your take on this DOE experiment?
I write this weekly newsletter highlighting my journey, sharing everything you should know about opportunities in the new carbon economy.
Every week you’ll get insider information on what’s possible in the cutting edge of negative emissions through my personal journey in air mining and share lessons learned.
To read it first, check out the archive of 100+ updates. My newsletter is the best way to follow what I'm up to.