Strategic Area
Carbon Capture, Use and Storage
Status
Active
Partners
X-PRIZE Foundation Non-Profit
Fund
Energy Innovation Program
Year
2024
EIP Contribution
$2,500,000
Project Total
$3,400,000
Location
ON
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Lead Proponent
The Governing Council of the University of Toronto
Project Objectives
The objective of this Project is to leverage low-cost renewable electricity sources using an all-electric Direct Air Capture (eDAC) removal process to capture and concentrate atmospheric CO2 into a pure stream for geological storage or utilization in the CO2 market.
Expected Results
This project aims to:
- Utilize affordable renewable electricity to power a direct air capture process, concentrating atmospheric CO2 for geological storage or CO2 market use.
- Develop a scalable electrochemical regeneration system suitable for global deployment.
- Reduce the energy requirements for carbon capture.
- Anticipate new IP due to advancements in catalysts or material formulations.