DAC Companies Pivot on High Costs, Funding Cuts
Companies that invested in direct air capture (DAC) technology are now exploring alternative value propositions due to high costs and funding cuts.
DAC developers are adopting hybrid business models that combine carbon removal with other outputs, such as fuels, power, and water, to remain viable.
The shift is driven by decreasing government funding in the US and increasing selectivity from investors, amid technical challenges and policy uncertainty.
DAC has long promised to pull CO2 directly from the ambient air, independent of industrial smokestacks or geography.
However, this ambition comes at a steep cost, as DAC systems must separate CO2 from the atmosphere, where the concentration is just 0.04%, making it far more energy-intensive and expensive than conventional carbon capture and storage (CCS).
Author's summary: DAC companies pivot due to high costs and funding cuts.
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