dac powered

Oxy announces partnership to explore fusion technology in direct air capture facilities

Oxy Low Carbon Ventures says fusion technology holds the potential to supply emissions-free, continuous, on-demand energy to bolster power and heating requirements for Occidental’s large-scale DAC facilities. Photo via 1pointfive.com

Oxy Low Carbon Ventures, an investment arm of Houston-based energy giant Occidental, is teaming up with TAE Technologies to explore the use of TAE’s fusion technology at Occidental’s direct air capture (DAC) facilities.

Financial terms of the deal weren’t disclosed.

Oxy Low Carbon Ventures says fusion technology holds the potential to supply emissions-free, continuous, on-demand energy to bolster power and heating requirements for Occidental’s large-scale DAC facilities.

“Collaborating with TAE Technologies is an opportunity to build on Occidental’s portfolio of clean power sources that can provide our [DAC] facilities with reliable, emissions-free energy,” Frank Koller, vice president for power development at Oxy Low Carbon Ventures, says in a news release.

Occidental is diving headfirst into the DAC sector. The primary example of its DAC commitment is construction in West Texas of the world’s largest DAC plant through a joint venture between Occidental subsidiary 1PointFive and investment giant BlackRock. BlackRock is investing $550 million in the facility.

The project is expected to be completed in mid-2025. The facility is eventually supposed to capture up to 500,000 metric tons of carbon dioxide each year.

DAC technology pulls carbon dioxide from the atmosphere so it can be stored permanently or converted into products. While the carbon removal process sounds simple, it requires a tremendous amount of energy. That’s where fusion technology like TAE’s comes into play.

TAE’s fusion technology works by combining (or fusing) the light nuclei of elements such as hydrogen to produce energy. The energy release is managed by producing steam, which spins a turbine that drives an electric generator producing clean energy or clean heat.

Founded in 1998, Foothill Ranch, California-based TAE develops commercial fusion power for generation of clean energy.

“Oxy Low Carbon Venture’s desire for emissions-free energy makes this the perfect moment to explore the deployment of our commercial-ready power management products, while the growing demand for large-scale power generation can be served by our future fusion offerings,” says Michl Binderbauer, CEO of TAE.

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A View From HETI

The University of Houston landed two major gifts that boost its energy transition leadership. Photo courtesy UH.

The University of Houston announced two major funding awards last month focused on energy transition initiatives and leadership.

Longtime UH supporters Peggy and Chris Seaver made a $1 million gift to the university to establish the Peggy and Chris Seaver Endowed Aspire Professorship, a faculty position “designed to strengthen UH Energy and expand the university’s leadership in addressing the most pressing global energy challenges,” according to a news release.

The new role is the third professorship appointed to UH Energy. The professorship can qualify for a dollar-for-dollar match through the Aspire Fund Challenge, a $50 million matching initiative launched by an anonymous donor.

“This gift will be key to cementing UH’s role as The Energy University,” Ramanan Krishnamoorti, vice president for energy and innovation at UH, said in the release. “By recruiting a highly respected faculty member with international experience, we are further elevating UH Energy’s global profile while deepening our impact here in the energy capital of the world.”

Also in January, the university shared that it would be joining the Urban Enrichment Institute (UEI) and the City of Houston to help train the next generation of energy workers, thanks to a $560,000 grant.

The Gulf Research Program of the National Academies of Sciences, Engineering and Medicine awarded the funding to the UEI, a nonprofit that supports at-risk youth. It will allow the UEI to work with UH’s Energy Transition Institute and the Houston Health Department to launch “Spark Energy Futures: Equipping Youth and Communities for the Energy Transition.”

The new initiative is designed for Houstonians ages 16-25 and will provide hands-on experience, four months of STEM-based training, and industry-aligned certifications without a four-year degree. Participants can also earn credentials and job placement support.

“Our energy systems are going through unprecedented changes to address the growing energy demands in the United States, Gulf Coast and Texas,” Debalina Sengupta, assistant vice president and Chief Operating Officer of ETI at UH, said in a news release.“To meet growing demands, the energy supply, transmission, distribution and markets associated with an ever-increasing energy mix needs a workforce skilled in multidimensional aspects of energy, as well as the flexibility to switch as needed to provide affordable, reliable and sustainable energy to our population.”

Keith Cornelius, executive director of UEI, added that he expects about 50 students to participate in the program’s inaugural year and that the program is looking to attract those interested in entering the energy workforce without a college degree.

“We’re looking to have tremendous success with the Energy Transition Institute,” Cornelius said. “This program is a testament to what can be done between a community-based organization, a major university and the city.”

The award was part of a $2.7 million grant that will fund four projects in the Gulf region, including two others in Texas. The Gulf Research Program Awards also granted $748,175 to launch the “Building the South Texas Energy Workforce” initiative in in Kingsville, Texas and $728,000 for “Texas Green Careers Academy: Activating a New Generation of Energy Professionals” in Austin.

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