“Today, no DAC plant is delivering more than 2,000 tons of carbon removal credits per year. And while the technology is improving, prices remain in the many hundreds of dollars per ton of CO2 removed,” Google said. “For more companies and governments to invest in DAC projects, costs need to fall dramatically.”
Google’s partnership with Holocene is seen as a potential solution to this problem.
As Google explained, “Our partnership with Holocene aims to address one of the key barriers facing DAC technologies: the hefty price tag. While Holocene’s technology is still in the early stages of development, it has the potential to bring down costs significantly over time.”
The Science Behind Direct-Air Capture
Direct-air capture involves collecting carbon dioxide directly from the atmosphere, concentrating it, and storing it in underground reservoirs. While the concept is promising in theory, it has proven to be an expensive and difficult technology to scale. Google’s investment and support aim to help Holocene overcome these hurdles.
