Occidental Petroleum purchases Carbon Engineering Ltd for $1.1 billion.

Occidental aims to develop carbon-capture sites using direct air capture (DAC) technology.

Plans to build around 100 DAC plants to capture carbon dioxide (CO2) from the atmosphere.

CO2 will be buried underground or used for products like concrete and aviation fuel.

DAC technology is in early commercialization stages and requires significant investments.

Payments will be made over three equal annual payments, with the first due at closing.

DAC actively removes CO2 from the air instead of just capturing emissions from industries.

U.S. Department of Energy grants over $1 billion to Texas and Louisiana for DAC plants.

Occidental's proposed 30 DAC plants in Texas to be funded by the bipartisan infrastructure bill.

Occidental and Carbon Engineering have been collaborating on DAC deployment since 2019.

Acquisition helps Occidental catalyze development partnerships for efficient DAC deployment.

Aera Federal LLC selected by U.S. Department of Energy for feasibility study.

Study to assess regional direct air capture (DAC) hub at Belridge oil field in Kern County, California.

Award negotiations valued at $4.5 million for the feasibility study.

Feasibility study funded mostly by US Department of Energy (DOE) and partly by Aera.

Aera Energy President and CEO Erik Bartsch emphasizes progress towards California's carbon neutrality goals and job creation.

Aera Federal leads Aera Direct Air Capture (DAC) Hub - Kern project, with Battelle as a key partner.

Project aims to capture carbon emissions, transport, and store them at Aera's sequestration site.

Collaboration includes partners Mosaic Materials and Carbon Capture.

Goal is to establish viability of DAC for large-scale California decarbonization.

BKV Corporation and NuQuest Energy enter carbon sequestration agreement with the State of Louisiana.

Aim to develop facilities to sequester carbon dioxide from local emissions sources.

Agreement supports carbon footprint reduction and BKV's goal of achieving net-zero carbon emissions.

High West Sequestration, LLC, a BKV subsidiary, granted carbon storage rights on 21,000 acres of land.

Ideal location for carbon capture efforts, estimated 22 MM tons per year, within 15-mile radius from emissions points.

High West storage site has potential to store 140 MM to 1,000 MM metric tons of CO2e.

Carbon capture and sequestration involves capturing and permanently storing carbon dioxide to reduce pollution.

High West Sequestration will dispose of carbon dioxide waste via injection wells on designated acreage.

BKV's CEO emphasizes industry collaboration for large-scale carbon reduction projects.

NuQuest Energy leverages petroleum industry experience for site identification and development.

BKV has a dedicated carbon capture, utilization, and sequestration (CCUS) business line.

Focus on permanent sequestration of point-source emissions and driving CCUS innovation.

BKV VP of dCarbon Ventures highlights commitment to producing net-zero natural gas.

Invenergy Renewables, Blackstone, and Canada's pension fund partner with Bank of America for a $1.5 billion wind and solar plant acquisition.

Deal capitalizes on a tax structure in President Biden's climate law to fund clean energy projects.

Invenergy to sell $580 million worth of tax credits to Bank of America to finance the purchase of 14 projects from American Electric Power.

New tax system aims to attract fresh sources of funding into renewable projects, reducing reliance on large banks.

The transaction is the first publicly announced large-scale deal of its kind, facilitating scalable renewable energy growth.

Approximately $4 trillion annually needed for global clean energy development by 2030 to achieve net-zero emissions goals.

Credit Suisse analysts estimate the Inflation Reduction Act (IRA) could generate $576 billion in tax credits by 2031.

Treasury Department and IRS to regulate tax credit transfers with rules published in June and an online registry expected by the end of 2023.

Blackstone invested $4 billion in Invenergy; other investors include Canada's Caisse de depot et placement du Quebec.

TPG Rise Climate, a climate investing strategy by TPG, to acquire majority stake in UK gases firm A-Gas.

A-Gas specializes in supplying and recovering refrigerant gases for reuse or destruction to prevent atmospheric pollution.

Strategic partnership formed with KKR, the current majority owner of A-Gas, retaining a significant minority stake.

Financial terms not disclosed, but sources suggest the deal values A-Gas at just over £1 billion ($1.27 billion).

Investment seen as a play on establishing circular economies in critical industries.

A-Gas's actions help prevent significant greenhouse gas emissions compared to carbon dioxide.

A-Gas's technology contributed to abating around 8 million metric tonnes of CO2 in 2022, equivalent to removing 1.6 million cars from the road.

Since KKR's investment in 2017, A-Gas has experienced annual revenue growth of 14% and earnings growth of 18%.

The deal is expected to be finalized by the end of 2023.

Mitra Chem announced first close of $60 million Series B funding led by GM.

Company focuses on Iron-Based Cathodes for Tier-1 Automotive and Energy Storage.

Sole U.S. company producing IRA Consumer Tax Credit Eligible Iron-Based Cathodes.

Funding to accelerate commercialization and scaling partnerships.

Partnership with GM to develop iron-based cathode active materials (CAM) for affordable EV batteries.

Mitra Chem's technology shortens lab-to-market timeline by >90%.

Multi-faceted approach combining R&D, machine learning, and manufacturing for battery materials.

Proprietary cloud platform accelerates formulation discovery, synthesis, evaluation, and scale-up.

Aim to disrupt global battery material production and revitalize North American supply chain.

Inflation Reduction Act boosts demand for U.S.-made battery materials.

Requests for samples from major battery cell makers and automotive OEMs.

GM's investment to develop battery chemistries and support North America-focused battery supply chain.

Notable investors include Chamath’s Social Capital, Fontinalis Partners, Earthshot Ventures, and others.

GM's industry expertise and funding to accelerate iron-based cathode technology.

Series A funding completed in 2021 with participation from prominent investors.