U.S. Department of Energy Announces $52.5 Million to Catalyze Commercial Carbon Dioxide Removal Technology
August 12, 2024

Funding from President Biden’s Investing in America agenda will drive technology innovation and commercialization to reach net-zero greenhouse gas emissions

WASHINGTON, D.C. – The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $52.5 million, made available through President Biden’s Investing in America agenda, to advance carbon dioxide removal technologies that reduce legacy carbon dioxide (CO2) pollution by removing it directly from the atmosphere to counter-balance emissions from hard-to-abate sectors, such as aviation and shipping. 


Carbon dioxide removal is a key component for achieving the Biden-Harris Administration’s historic climate and clean energy agenda. The American-Made Commercial Direct Air Capture Pilot Prize, funded by the Bipartisan Infrastructure Law, will support the development and deployment of direct air capture pilot projects that have demonstrated commercial readiness. This will help advance the industry, create meaningful and well-paying jobs, increase private investment, and help deliver the benefits of climate investments to the communities that host clean energy projects.


“Achieving our ambitious climate goals requires the rapid scale-up of carbon dioxide removal technologies,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “Today DOE is launching the Commercial Direct Air Capture Pilot Prize—the latest in a suite of programs that provide groundbreaking support to help de-risk and demonstrate commercial viability of direct air capture technology with the ultimate goal of industry deployment.” 


Commercial Direct Air Capture Pilot Prize Now Accepting Applications


The Commercial Direct Air Capture Pilot Prize supports technology developers that design, build, commission, and operate innovative direct air capture pilot facilities capable of capturing at least 500 tonnes of atmospheric carbon dioxide per year. 


The prize will provide up to $52.5 million to participants as they successfully achieve design, development, and deployment milestones over the course of four phases: Concept, Engineer, Permit, and Operate. Winning teams will be eligible to win up to $12 million each for successfully navigating the phases and ultimately operating a pilot direct air capture system for at least 2,000 hours. Competitors will also demonstrate their potential to contribute to, or participate in, the Regional Direct Air Capture Hubs program. This Bipartisan Infrastructure Law program will develop four domestic direct air capture hubs that will each demonstrate a direct air capture technology or suite of technologies at a commercial scale, with the potential for capturing at least 1 million tonnes of CO2 annually.


Private entities (for- or non-profits); non-federal government entities such as states, counties, Tribes, and municipalities; and academic institutions that meet requirements are eligible to apply for the Commercial Direct Air Capture Pilot Prize. 

Phase 1 of the Commercial Direct Air Capture Pilot Prize is currently accepting applications through February 7, 2025. 


DOE’s Direct Air Capture Prizes


The American-Made Direct Air Capture Prizes, sponsored by FECM and administered by DOE’s National Renewable Energy Laboratory, support direct air capture technology advancement for decarbonization with a focus on incorporating environmental justice, community benefits planning and engagement, equity, and workforce development. This group of prizes consists of separate but related competitions that work together to advance the full suite of carbon dioxide removal technologies from ideas to market-ready, scalable, and impactful commercialization.


The Commercial Direct Air Capture Prize will offer up to $100 million in prizes and technical assistance through two competition tracks: the Commercial Direct Air Capture Pilot Prize announced today, and the Carbon Dioxide Removal Purchase Pilot Prize, launched September 2023. DOE recently announced 24 semifinalists to receive a total of $1.2 million under the first phase of the Carbon Dioxide Removal Purchase Pilot Prize.


The prize suite also includes the Pre-Commercial Energy Program for Innovation Clusters Prize and Pre-Commercial Technology Prize, both launched in March 2023. 


Learn more about the Commercial Direct Air Capture Prize on the American-Made Challenges website. View the Commercial Direct Air Capture Pilot Prize Track Official Prize Rules and follow updates on upcoming information webinars and other resources on the prize’s HeroX page.


FECM minimizes environmental and climate impacts of fossil fuels and industrial processes while working to achieve net-zero emissions across the U.S. economy. Priority areas of technology work include carbon capture, carbon conversion, carbon dioxide removal, carbon dioxide transport and storage, hydrogen production with carbon management, methane emissions reduction, and critical minerals production. To learn more, visit the FECM websitesign up for FECM news announcements, and visit the National Energy Technology Laboratory website.


August 19, 2026
TORONTO, Aug. 19, 2026 - VVC Exploration Corporation, dba VVC Resources (“VVC” or the “Company”) (TSX-V: VVC and OTCQB: VVCVF) is providing an update to its previous news release dated May 21, 2026, regarding the status of its delayed annual financial filings. The annual financial statements and the Management's Discussion and Analysis ("MD&A") for the year ended January 31, 2026 were filed on SEDAR+ on August 18, 2026. With the Year-end Financials completed, the Company is working diligently on preparing the financial statements and MD&A for the three months ended April 30, 2026 (collectively the "Interim Financials"). The Company expects to be able file the Interim Financials prior to August 31, 2026. As such, the Failure-to-File Cease Trade Order ("FFCTO") against the Company will remain in place until such time as the Company's Interim Financials and related officer certifications are filed on SEDAR+. The delay in completing the Required Filings resulted from additional time required to finalize certain accounting and financial reporting matters in connection with the Company's year-end reporting process. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
June 19, 2026
TORONTO, June 19, 2026 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC and OTCQB: VVCVF) announces that Mr. Bruno Dumais resigned as a Director of the Company. The Board of Directors has accepted Mr. Dumais' resignation with regret, and thanks him for his valuable contributions and dedicated service to the Company. Jim Culver, CEO of VVC, commented: "On behalf of the Board and management, I would like to express our deep appreciation to Bruno for his commitment to VVC. We value the insight and guidance he has provided during his tenure and wish him continued success in his future endeavors." The position on the Board of Directors will be left vacant until a new candidate can be appointed to fill the vacancy. About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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