The Point Source Capture (PSC) Research and Development (R&D) Program focuses on committed emissions associated with infrastructure that are expected to persist through mid-century. Natural gas power generation and CO2-emitting industrial sectors, such as cement and steel production are particular priorities. The PSC R&D Program will accelerate deployment and scale up of carbon capture technologies for natural gas and industrial sources over the next decade. We will pursue highly efficient, transformational PSC technologies capable of operation under flexible duty cycles. By applying lessons learned over last 15 years from R&D and large demonstrations on coal-fired power generation, we will invest in industrial PSC and storage hub solutions and support demonstration projects to achieve >95% carbon capture.