Regional Direct Air Capture Hubs - American Cities Climate Challenge
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Regional Direct Air Capture Hubs

Federal Agency

Sub-Department

Office of Fossil Energy and Carbon Management

Purpose

To fund projects that contribute to the development of 4 regional DAC hubs. Hubs must have the potential to be developed into a regional or interregional carbon network to facilitate sequestration or carbon utilization, and must have the capacity to capture and sequester, utilize, or sequester and utilize at least 1 MMT CO2 annually.

Applicant and/or Project Eligibility Requirements

Industry stakeholders and developers are eligible to apply. Local governments are encouraged to partner with the private sector as sub-applicants.

Decarbonization Considerations

Consider implementing projects that are located in a region with existing carbon-intensive fuel production or industrial capacity; or carbon-intensive fuel production or industrial capacity that has retired or closed in the preceding 10 years.

Equity Considerations

Consider prioritizing projects that are located in economically distressed communities, and designing projects that would create long-term employment to the greatest number of residents of the region. At least 2 hubs must be located in economically distressed communities in regions with high levels of coal, oil or natural gas resources.

Helpful Tips

N/A

Other Notes

N/A

Deadline (Announced or Anticipated)

Spring 2022

Funding Available

$3,500,000,000

Max Award Amount

TBA

Expected Allocations

4

Average Award (Estimated)

$875,000,000

Matching Funds

TBA

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