Climeworks successfully executes US expansion plans

The U.S. is an important, strategic market for Climeworks because of its favorable political and commercial environment and its potential for the company's project development efforts. To accelerate its U.S. growth, Climeworks decided to participate in three applications for public funding as part of the U.S. DOE's Regional DAC Hubs program: in Louisiana, California and North Dakota. This month, the U.S. government announced up to $1.2 billion for America's first two direct air capture (DAC) Hubs in Texas and Louisiana as well as 19 additional projects that aim at deploying future DAC Hub facilities. As part of this Notification of Selection, three out of three DAC Hub applications that Climeworks participates in were selected by the U.S. Department of Energy (DOE).

The first one, Project Cypress in Louisiana, is designed with a pathway toward megaton capacity by 2030, making it one of the first DAC projects of this scale in the United States. The project belongs to topic area 3 (build) of the DOE's Regional DAC Hubs Program. The two other projects, Prairie Compass DAC Hub in North Dakota and California DAC Hub in California, are among the five projects to engage in a front-end engineering design (FEED) study (topic area 2 - design).

Jan Wurzbacher, co-founder and co-CEO of Climeworks commented: “The fact that the DOE, empowered by the White House and Congress to invest billions of dollars, has selected the projects involving Climeworks is an important recognition of our decade-long experience in DAC technology and our ability to bring to life high-quality carbon removal. I want to thank all project partners and all Climeworkers for their contributions and dedication to the task at hand and the overall journey. I am looking forward to the next steps with everyone involved, to bring high-quality, high-integrity carbon removal via DAC to the U.S.”

(Press release / SK)