The Four Regional Direct Air Capture Hubs is designed to establish a program under which the Secretary shall provide funding for eligible projects that contribute to the development of four regional direct air capture hubs.
Overview
Office:Office of Clean Energy Demonstrations |
New Program:Yes |
Funding amount:$3,500,000,000 |
Funding Mechanism:Grant, Cooperative Agreement, or Other |
Recipients:Technology Developers, Industry, Utilities, Universities, National Laboratories, Engineering and Construction firms, State and Local Governments, Tribal, Environmental Groups, and Community Based Organizations. |
Period of Availability:$700,000,000 annually for the period of fiscal years 2022 through 2026 (to remain available until expended) |
More Information
Eligible Uses
A regional direct air capture hub that:
- Facilitates the deployment of direct air capture projects;
- 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;
- Demonstrates the capture, processing, delivery, and sequestration or end-use of captured carbon; and
- Could be developed into a regional or interregional carbon network to facilitate sequestration or carbon utilization.
Program Announcements
- Download the Funding Opportunity Announcement
- Read the Press Release
- Review the Community Benefits Guidance Plan
- Download the Notice of Intent
Next Milestone
- Regional Direct Air Capture Hubs Funding Opportunity Announcement. Letters of Intent are due by February 17, 2023. Full applications are due by March 13, 2023.