1PointFive: Development company formed by Oxy to finance and deploy large-scale Direct Air Capture (DAC) technology,… Grant
In context
This call is open to large companies and startups, at scale-up and mature. Coverage is read from the notice itself: United States.
1PointFive is a development company backed by Oxy Low Carbon Ventures to finance and deploy large-scale Direct Air Capture (DAC) technology, with initial focus on the STRATOS facility in the Permian Basin. The initiative commercializes carbon capture, utilization, and storage (CCUS) solutions at scale.
About this grant
Development company formed by Oxy to finance and deploy large-scale Direct Air Capture (DAC) technology, starting with the STRATOS facility in the Permian Basin. Focuses on carbon capture, utilization and storage (CCUS) and DAC commercialization.
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Key requirements
- ✓Focus on Direct Air Capture (DAC) technology deployment
- ✓Carbon capture, utilization, and storage (CCUS) commercialization
- ✓Large-scale facility development (e.g., STRATOS in Permian Basin)
Frequently asked questions
- Who can apply for 1PointFive: Development company formed by Oxy to finance and deploy large-scale Direct Air Capture (DAC) technology,…?
- Eligibility covers organisations in US; large-company, startup.
Relevant sectors
About this sector
Carbon capture funding backs capture at industrial and power sites, transport networks and geological storage. Public support usually targets clusters where capture, pipelines and storage are developed together. Tenders buy studies, equipment and storage appraisal. Calls expect a clear storage route, engineering maturity and partners across the chain.
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