Dublin-headquartered CO2 extraction firm Carbon Collect has been awarded $2.5 million in research funding by the US Department of Energy to complete three ‘carbon farms’ using its mechanical tree direct air capture technology (DAC) that aim to capture 1,000 tonnes of carbon dioxide a day at commercial scale. The award was one of six US projects awarded a total of $12 million in federal funding for R&D into DAC technology. Carbon Collect’s mechanical tree design was developed at, and spun out from Arizona State University by Prof Klaus Lackner, a German pioneer of carbon capture methods. Three former BP executives…

Join The Currency

Sign up today: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 2,330 exclusive interviews, investigations, and analysis, plus over 180 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.