The Point Source Capture (PSC) Research and Development (R&D) Program focuses on the natural gas power generation, such as natural gas combined cycles and the industrial sources, such as steel and cement by applying lessons learned from R&D and large demonstrations on coal-fired power generation over last 15 years. The PSC R&D Program plans to accelerate deployment and scale up of carbon capture technologies for natural gas and industrial sources over the next decade, pursue highly efficient, transformational PSC technologies that are capable of operation under flexible duty cycle, and foster creation of regional power generation - industrial PSC and storage hub solutions to support demonstration projects to achieve >95% carbon capture.