Project Cypress DAC Hub Team Awarded Funding from U.S. Department of Energy
Funding for Project Cypress is a result of the Bipartisan Infrastructure Law’s Regional Direct Air Capture (DAC) Hubs program.
- Funding for Project Cypress is a result of the Bipartisan Infrastructure Law’s Regional Direct Air Capture (DAC) Hubs program.
- Project Cypress is eligible for up to $600 million in matched federal investment under this funding opportunity.
- Leaders of Project Cypress are determining final siting and storage options in Louisiana, with selected sites including privately owned land in Calcasieu Parish.
- The CEC will serve as an advisory body for Project Cypress, ensuring that the community has a voice in development decisions about the DAC Hub.