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Project Cypress Direct Air Capture Hub

Sector: Government • Location: Louisiana, United States

Source: Fast Company

Project
Planned

Project Cypress is a large-scale direct air capture (DAC) project in Louisiana designed to capture more than a million tons of CO2 annually. It received $50 million in funding from the U.S. Department of Energy in early 2024 and is part of a broader initiative with potential funding of up to $1.1 billion for DAC hubs under the 2021 Bipartisan Infrastructure Law. The project aims to accelerate carb

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The project “Project Cypress Direct Air Capture Hub” is an infrastructure initiative in the Government sector, located in Louisiana, United States. Taiyo aggregates data on it from Fast Company.

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planned

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Description

Description

Project Cypress is a large-scale direct air capture (DAC) project in Louisiana designed to capture more than a million tons of CO2 annually. It received $50 million in funding from the U.S. Department of Energy in early 2024 and is part of a broader initiative with potential funding of up to $1.1 billion for DAC hubs under the 2021 Bipartisan Infrastructure Law. The project aims to accelerate carbon capture technology deployment but faces uncertainty due to potential funding cuts.

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