Office: Office of Clean Energy Demonstrations
Funding amount: $3,500,000,000
Period of Availability: $700,000,000 annually for the period of fiscal years 2022 through 2026 (to remain available until expended)
Funding Mechanism: Grant, Cooperative Agreement, or Other
New Program: Yes
Recipients: Technology Developers, Industry, Utilities, Universities, National Laboratories, Engineering and Construction firms, State and Local Governments, Tribal, Environmental Groups, and Community Based Organizations.
Description: To establish a program under which the Secretary shall provide funding for eligible projects that contribute to the development of 4 regional direct air capture hubs.
Eligible Uses: A regional direct air capture hub that-- (i) facilitates the deployment of direct air capture projects; (ii) has the capacity to capture and sequester, utilize, or sequester and utilize at least 1,000,000 metric tons of carbon dioxide from the atmosphere annually from a single unit or multiple interconnected units; (iii) demonstrates the capture, processing, delivery, and sequestration or end-use of captured carbon; and (iv) could be developed into a regional or interregional carbon network to facilitate sequestration or carbon utilization.
Program Announcements: Download the Notice of Intent
Next Milestone: Anticipated funding 4th quarter of 2022.