fresh funding

Houston company scores NSF grant for DAC tech

GigaDAC's technology, as it scales, should reduce the cost of construction by two thirds. Photo courtesy of Victory Over Carbon

A Houston startup that's using aerospace engineering in the direct air capture space has received funding to continue research and development on its technology.

Victory Over Carbon Inc. received a Small Business Innovation Research grant for $272,488 from U.S. National Science Foundation. The company, which is based out of Greentown Labs in Houston, has created its GigaDAC system that uses a spray to aerodynamic separator model, reducing costs while maintaining efficacy, according to a news release from the company.

“NSF accelerates the translation of emerging technologies into transformative new products and services,” Erwin Gianchandani, NSF assistant director for Technology, Innovation and Partnerships, says in the release. “We take great pride in funding deep-technology startups and small businesses that will shape science and engineering results into meaningful solutions for today and tomorrow.”

GigaDAC's technology, as it scales, should reduce the cost of construction by two thirds, per the company, while optimizing current DAC operations.

“DAC is a critical pillar to solving climate change, and an immense undertaking as society gets serious about scaling in a way that is both technologically sound as well as commercially viable,” Harrison Rice, CEO of Victory Over Carbon, says in the release “Today’s leading DAC contactor designs are largely an offshoot of cooling tower technology. As a positive, these systems work — but they’re not optimized to scale. For GigaDAC, we went to a blank slate and started with scalability as the first principal; both to build, and to operate efficiently.

"Getting this right means winning in a market expected to grow to over $1 trillion in annual revenue,” he continues.

Since the company has secured funding from the America’s Seed Fund powered by NSF, it can apply for additional funding totaling up to $2 million.

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A View From HETI

Vicki Hollub, president and CEO of Occidental, said the company's Stratos DAC project is on track to begin capturing CO2 later this year. Photo via 1pointfive.com

Houston-based Occidental Petroleum is gearing up to start removing CO2 from the atmosphere at its $1.3 billion direct air capture (DAC) project in the Midland-Odessa area.

Vicki Hollub, president and CEO of Occidental, said during the company’s recent second-quarter earnings call that the Stratos project — being developed by carbon capture and sequestration subsidiary 1PointFive — is on track to begin capturing CO2 later this year.

“We are immensely proud of the achievements to date and the exceptional record of safety performance as we advance towards commercial startup,” Hollub said of Stratos.

Carbon dioxide captured by Stratos will be stored underground or be used for enhanced oil recovery.

Oxy says Stratos is the world’s largest DAC facility. It’s designed to pull 500,000 metric tons of carbon dioxide from the air and either store it underground or use it for enhanced oil recovery. Enhanced oil recovery extracts oil from unproductive reservoirs.

Most of the carbon credits that’ll be generated by Stratos through 2030 have already been sold to organizations such as Airbus, AT&T, All Nippon Airways, Amazon, the Houston Astros, the Houston Texans, JPMorgan, Microsoft, Palo Alto Networks and TD Bank.

The infrastructure business of investment manager BlackRock has pumped $550 million into Stratos through a joint venture with 1PointFive.

As it gears up to kick off operations at Stratos, Occidental is also in talks with XRG, the energy investment arm of the United Arab Emirates-owned Abu Dhabi National Oil Co., to form a joint venture for the development of a DAC facility in South Texas. Occidental has been awarded up to $650 million from the U.S. Department of Energy to build the South Texas DAC hub.

The South Texas project, to be located on the storied King Ranch, will be close to industrial facilities and energy infrastructure along the Gulf Coast. Initially, the roughly 165-square-mile site is expected to capture 500,000 metric tons of carbon dioxide per year, with the potential to store up to 3 billion metric tons of CO2 per year.

“We believe that carbon capture and DAC, in particular, will be instrumental in shaping the future energy landscape,” Hollub said.

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