![]() ![]() Through California DAC Hub, the consortium will pursue funding to develop a network of DAC+S hubs across the state under the DOE’s Regional DAC Hubs Initiative, as outlined under the recent $3.5 billion Funding Opportunity Announcement (FOA), to accelerate the commercialization of atmospheric CO 2 removal via integrated capture, processing, transport, and secure geologic storage. DAC+S is a solution that can remove and then permanently store atmospheric carbon dioxide (CO 2) using low carbon emission energy and provide economic benefits to surrounding communities.Ĭalifornia DAC Hub will help accelerate the Golden State’s climate leadership and achieve its carbon neutrality goal, and prioritize surrounding under-represented California communities through transformative benefits potentially including local air quality improvements, from helping maximize the use of renewable energy utilization of reclaimed water and/or production of new water quality union jobs in construction and low carbon energy technologies and science, technology, engineering, and math (STEM) and energy transition education programs. Department of Energy (DOE) funding under its Regional Direct Air Capture (DAC) Hubs Initiative to create the California DAC Hub, the state’s first full-scale DAC plus storage (DAC+S) network of regional DAC+S hubs. LONG BEACH, Calif.-( BUSINESS WIRE)-Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSE: CRC), today announced it has assembled a consortium of organizations across industry, technology, academia, national labs, community, government, and labor, to pursue U.S.
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