Carbon capture company 1PointFive announced March 13 that AT&T has agreed to purchase CO2 removal credits from STRATOS, 1PointFive’s first large-scale direct air capture (DAC) facility currently under construction in Texas.
The transaction is part of AT&T’s commitment to reduce carbon emissions and become carbon neutral in its global operations by 2035, according to a March 13 press release.
STRATOS is designed to capture up to 500,000 metric tons of CO2 annually when fully operational. Under the agreement, the captured CO2 will be stored through durable saline sequestration, the release stated.
1PointFive said it is also participating in AT&T’s Connected Climate Initiative to collaborate on carbon removal solutions like DAC that can “help cost effectively achieve net zero.”
“AT&T’s carbon removal credit purchase is another proof point of the vital role that direct air capture can play in providing a high-integrity and durable solution to help organizations address their emissions,” said Michael Avery, president and general manager of 1PointFive.
Recommended Reading
Equinor, Ørsted/Eversource Land New York Offshore Wind Awards
2024-02-29 - RWE Renewables and National Grid’s Community Offshore Wind 2 project was waitlisted and may be considered for award and contract negotiations later, NYSERDA says.
Energy Transition in Motion (Week of April 12, 2024)
2024-04-12 - Here is a look at some of this week’s renewable energy news, including a renewable energy milestone for the U.S.
CERAWeek: NextEra CEO: Growing Power Demand Opportunity for Renewables
2024-03-19 - Natural gas still has a role to play, according to NextEra Energy CEO John Ketchum.
First US Utility-scale Offshore Wind Farm Starts Operations
2024-03-14 - The 12-turbine, 130-megawatt South Fork Wind project is a joint venture between Denmark's Orsted and New England-based electric utility Eversource.
Energy Transition in Motion (Week of May 17, 2024)
2024-05-17 - Here is a look at some of this week’s renewable energy news, including more moves by the U.S. to strengthen and protect the U.S. solar panel manufacturing sector from China.