In addition, the CHIPS Act signed last August provided $1bn for further research and development of carbon removal by the US DOE.
Air capture llc plus#
The IRA more than tripled the tax credits for capturing and sequestering CO2 using DAC to $180 per tonne, plus $130 per tonne used in products, such as concrete. The Bipartisan Infrastructure Law signed in November 2021 provided $3.5bn to fund four regional DAC hubs, in which Global Thermostat will look to participate. We will help stabilise the temperature of the planet by creating a global industry utilising and sequestering carbon.” We have proven our technology works, and now we are bringing it to market. At Global Thermostat, we are committed to offering the most efficient and cost-effective direct air capture solution. Contact us to purchase DAC-based carbon removal credits. It is undeniable that we need to remove hundreds of billions of tonnes of carbon dioxide from the atmosphere and eliminate new emissions to protect our climate. Our carbon removal service captures CO2 from the air and permanently stores it underground. “Global Thermostat is poised to lead this fight by deploying our best-in-class direct air capture technology to provide both carbon removal and air-based carbon for valuable products we use across our economy. “This is a watershed moment in the fight against climate change,” said Global Thermostat CEO Paul Nahi in a press statement. A 2021 DOE grant is funding the company’s work with several engineering companies to develop the design for a DAC plant with an annual capacity of 100,000t, expected to be completed this year. Global Thermostat is also receiving support from the US Department of Energy (DOE) to develop larger-capacity devices.
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