US DOE announces new $1.8bn funding opportunity for direct air capture hubs

The US Department of Energy (DOE) has announced plans to issue a funding opportunity for regional direct air capture (DAC) hubs.

Part of the DOE’s Office of Fossil Energy and Carbon Management, the $1.8bn initiative aims to support the development and scaling of DAC technologies across the United States.

The funding is part of a broader strategy to create a comprehensive DAC ecosystem, which will include both large-scale facilities and the necessary infrastructure to transport and store captured carbon. 

The DOE plans to allocate up to $600 million per large-scale DAC project, with smaller mid-scale facilities eligible for up to $50 million each​.