Red Rocks DAC Hub: A Geothermal Energy-Driven Direct Air Carbon Capture and Sequestration Hub in Southwest Utah
USA
Announced
Overview
Status
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Announced
Region
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North America
Geography
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USA
State
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Utah
Equity Owner
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Fervo Energy Company
Proponent
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Fervo Energy Company
Output
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Direct air capture
Type of electricty
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geothermal
Capacity
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Storage potential of up to 100 million tons of CO2 annually
Financing
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DOE Funding: $2,8m; Non-DOE Funding: $0,719m; Total Value: $3,5m
Technology
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Technical Advisors
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Advisors
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Project Contact
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Tim Latimer, CEO of Fervo
Lawyers
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Project Cost
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Offtaker
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Commercial Operations Date
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Decommission Date
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FID
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Description
Fervo Energy Company (Houston, Texas) intends to establish the Red Rocks DAC Hub in southwest Utah. Fervo’s geothermal and carbon sequestration exploration and resource characterization activities suggest that there is more than 10 gigawatts of high-quality, economically exploitable geothermal resources available in southwest Utah, which could translate into a storage potential of up to 100 million tons of CO2 annually.