Funding Notice: Commercial Direct Air Capture Pilot Prize

Office: Carbon Management
Read the full funding opportunity: HeroX 
Funding Amount: $52,500,000

Background Information

On August 9, 2024, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced up to $52.5 million, made available through President Biden’s Investing in America agenda, to advance carbon dioxide removal technologies that reduce legacy carbon dioxide pollution by removing it directly from the atmosphere to counter-balance emissions from hard-to-abate sectors, such as aviation and shipping.

Carbon dioxide removal is a key component for achieving the Biden-Harris Administration’s historic climate and clean energy agenda. The American-Made Commercial Direct Air Capture Pilot Prize, funded by the Bipartisan Infrastructure Law, will support the development and deployment of direct air capture pilot projects that have demonstrated commercial readiness. This will help advance the industry, create meaningful and well-paying jobs, increase private investment, and help deliver the benefits of climate investments to the communities that host clean energy projects.

This funding is provided from the Bipartisan Infrastructure Law Section 41005.b. 

Eligibility

Private entities (for- or non-profits); non-federal government entities such as states, counties, Tribes, and municipalities; and academic institutions that meet requirements are eligible to apply for the Commercial Direct Air Capture Pilot Prize. 

Areas of Interest 

The Commercial Direct Air Capture Pilot Prize will provide capital to support Direct Air Capture pilots that have exceeded the technology readiness levels eligible for Pre-Commercial DAC Prizes but are not sufficiently demonstrated or commercially de-risked enough to be deployed in the Regional Direct Air Capture Hubs program.

Prizes 

The Commercial DAC Pilot Prize offers up to $52,500,000 in prizes and is structured to award winning teams with cash prizes as they successfully achieve design, development, and deployment milestones over the course of the four phases. 

Key Dates

Additional Information

Last Updated: August 9, 2024