On October 10, the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) hosted a webinar providing an overview of the recently issued Notice of Intent (NOI) to award up to $1.8 billion in funding for new mid- and large-scale commercial direct air capture (DAC) facilities.  The NOI represents the start of the next phase of OCED’s Regional DAC Hubs program contemplated by the 2021 Bipartisan Infrastructure Law (BIL), which requires DOE to financially support the development of at least four regional DAC hubs.  DOE estimates that a net-zero emissions economy will require annually removing and capturing at least 400 million metric tons of carbon dioxide (CO2) from the atmosphere and emissions sources.  A critical step in reaching this benchmark will be accelerating the commercialization and scaling of promising DAC solutions which is the goal of this next phase of the Regional DAC Hubs program.  The NOI promises publication of the funding opportunity announcement before the end of this year.Continue Reading DOE Announces up to $1.8 Billion in Funding in Next Phase of Regional Direct Air Capture Program