US > US government support for DAC will be catalyst for further private capital into sector, says developer

US government support for DAC will be catalyst for further private capital into sector, says developer

Published 14:10 on September 7, 2023  /  Last updated at 14:21 on September 7, 2023  / Bryony Collins /  US, Voluntary

­­­­US government support to advance direct air capture (DAC) through the Department of Energy’s $3.5 billion to be invested in four regional DAC hubs over the next five years, and its identification of specific hubs to receive that investment, is a “huge proof point” for the sector and technology, a leading DAC developer told a conference on Thursday.
­­­­US government support to advance direct air capture (DAC) through the Department of Energy’s $3.5 billion to be invested in four regional DAC hubs over the next five years, and its identification of specific hubs to receive that investment, is a “huge proof point” for the sector and technology, a leading DAC developer told a conference on Thursday.


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