My hot take today is about a little noticed announcement the U.S. Department of Energy (DOE) released quietly today. It has reopened an opportunity to fund carbon dioxide transportation networks. This is a positive and a much-needed development because Cipher reporting earlier this year revealed that many of the carbon storage projects are not just dependent on securing permits but also on delivering the captured CO2. Aware of the paucity of transport networks, DOE itself noted, the U.S. will need to capture and permanently store approximately 400–1,800 million metric tons of CO2 annually by 2050 to meet its commitments. https://lnkd.in/ef7JPEgr In other top reads by my colleagues, Cat Clifford highlighted a Bloomberg article that spotlights how Holtec International, a company involved in making nuclear waste storage casks, is now looking to revitalize a nuclear plant headed for decommissioning. And Bill Spindle reported about an upcoming gathering of corporate heads of fossil fuel and tech companies. We try to stay on top of breaking news about the global developments in the cleantech and climate space and share them with you so continue reading our Top Reads and Hot Takes at Cipher News. Cheers!
Big thanks for spotlighting this! 👏Gonna dive into those articles next!
CEO - Reese Energy Consulting Company and Reese Energy Training
1moPulling CO2 out of the atmosphere is insane. Garden much? Geez...