Heirloom

You can spot Heirloom in the latest GatesNotes covering the Breakthrough Energy Conference in London! From the West Coast to the Gulf Coast and beyond, we'll continue translating the Clean Industrial Revolution into good jobs, community benefits, and meaningful progress to protect people and the planet. https://lnkd.in/gUDdHQvz

In just the last 2 weeks, we’ve been invited to brief Republican governors, Progressive lawmakers, and Gulf Coast leaders alike. And whether we’re in Baton Rouge or the Bay Area, everytime we're asked how we scale the removal of greenhouse gas emissions from the atmosphere, our answer is the same: Public Policy. As my CEO Shashank Samala says, re-architecting our economy is hard. And young startups alone can’t remove & manage trash from the atmosphere -- unless the public sector, private sector & civil society work together. That’s why we need Demand-side policies, where new laws create new buyer categories for carbon dioxide removal (CDR). That's why we need Supply-side policies where state governments help offset the costs of capital, storage & energy. And that’s why we’re tirelessly pushing for both, with policymakers across the political spectrum. Heirloom made history this week by broadening the tent of bipartisan support, unveiling dual investments in the Republican-led state of Louisiana (just months after unveiling a novel technology in the Democratic led state of California). But the story can’t end just there. There are no red state wins & blue state wins in this game. There there are no partisan-ideologies to be foisted upon communities. There is only the precious heirloom of our planet. Our ability to pass it on; our energy security; our ability to invest in the people & places most impacted by a changing planet; our ability to create good quality jobs; & our ability to win the future. And all of that -- is rooted in thoughtful CDR & decarbonization policy. Many thanks to the Western Governors' Association; California's Environmental Caucus Chair Laura Friedman, Progressive Caucus Chair Alex T. Lee, Natural Resources Chair Isaac Bryan; Ken Branson; Louisiana's Secretary of Economic Development Susan Bonnett Bourgeois and the CADDO-BOSSIER PARISHES PORT COMMISSION for inviting Heirloom into the fold to rewrite our energy future together.

Learn how our two new 'carbon clean-up' facilities are leveraging workforce skills that have been honed in Louisiana for decades to scale a new critical climate technology - courtesy of Bloomberg! https://lnkd.in/gGTEqVNj

Heirloom is all about achieving a *low cost* Direct Air Capture to help reverse climate change. Part of that means leveraging a limestone based process to capture CO2. Another part is to deploy, deploy, and deploy to learn, scale, and come down the cost curve. Today’s an important day for both those fronts. With support from the Department of Energy and Louisiana’s Economic Development Office, we’re bringing nearly 320,000 tons of CO2 annual removal capacity to the city of Shreveport, Louisiana with two new DAC facilities, which will start coming online in 2026. There are a lot of moving pieces here but they all speak to how America is leading the world in deploying DAC and how Heirloom is leading America in that effort. As a reminder, Heirloom was selected last year, along with our partners Climeworks and Battelle, to participate in Project Cypress, the Department of Energy’s DAC Hub program in Louisiana. Wth $600 million in matching funding available, this is a catalytic public investment in DAC technology. I couldn’t be prouder of the Heirloom team – scaling to a 17,000 ton per year facility and then a 100,000 ton per year facility in just a few years. This scale-up will incorporate thousands of design and engineering improvements to drive down the cost of our technology and putting us on a path to be one of the most affordable permanent carbon removal technologies on the market. Today, I feel more optimistic than ever about our ability to really move the needle on climate change. See more 👇 https://lnkd.in/ggkkWBHX

We’re excited to announce that we’re bringing 320,000 tons of yearly CO2 removal capacity to Northwest Louisiana with two new DAC facilities! Located at the Port of Caddo-Bossier near Shreveport, the first 17,000 ton facility will come online in 2026. A separate facility will be built in the same location, with 100,000 tons of capacity to come online in 2027, and an additional 200,000 tons of capacity to come in subsequent years. This larger facility is Heirloom’s portion of Project Cypress, part of the U.S. Department of Energy (DOE) supported DAC Hub program. Here’s why this matters: 🏗️ Scaling Heirloom’s DAC solution: This is a major scale up from the 1,000 ton facility that we opened late last year as America’s first commercial DAC facility. 👷 Growing a new energy economy: Combined, these two DAC facilities will create over 1,000 jobs in Northwest Louisiana, helping to advance a new energy economy in the state and further establish America as a DAC leader. 💰 Expanding the economic impact of Project Cypress: With Heirloom’s Project Cypress facility in Northwest Louisiana and Climeworks' Project Cypress facility in Southwest Louisiana, we’re expanding statewide the economic impact and job creation potential of this DOE program. 🌎 Leveraging public investments to expand DAC: We’re leveraging the workforce and infrastructure investments that are making Project Cypress happen to add CO2 removal capacity with a privately-funded 17,000 ton DAC facility. This shows how government support can spur private investment in the CDR space and service more customer demand for high quality carbon removals. You can read more here: https://lnkd.in/gN5gqdrA #DAC #CDR #CarbonRemoval #CO2 #Louisiana #Shreveport #ProjectCypress

Nothing better than seeing countries compete for climate leadership and building a new energy economy. In the US, the Inflation Reduction Act established a $180 per ton 45Q production tax credit for Direct Air Capture. Yesterday, Canada enacted a 60 percent (!!) investment tax credit for DAC projects’ capex. Canada and the US are now neck-and-neck for DAC incentives. I guess I’ll start to give my friends in Canada a call…

On the heels of the hottest 12 months in recorded history, United Nations Secretary-General António Guterres made clear that it's crunch time for climate action and carbon removal: "We need high integrity carbon markets that are credible and with rules consistent with limiting warming to 1.5 degrees. I also encourage scientists and engineers to focus urgently on carbon dioxide removal and storage – to deal safely and sustainably with final emissions from the heavy industries hardest to clean. And I urge governments to support them. But let me be clear: These technologies are not a silver bullet; they cannot be a substitute for drastic emissions cuts or an excuse to delay fossil fuel phase-out. But we need to act on every front." We couldn't agree more. Responsible removal, alongside steep reductions, keeps our global climate goals within reach. We'll keep working with the urgency demanded by the UNSG to scale a low-cost carbon removal solution! https://lnkd.in/gCX7JCZc

We're excited to announce that Heirloom has been selected to join the World Economic Forum's Technology Pioneers 2024 Cohort! You can read more about this year’s cohort and cutting-edge tech start ups here as we work together to help shape WEF's global initiatives: wef.ch/techpioneers24

Big news today from the White House: U.S. Department of the Treasury is setting a new bar of quality in the voluntary carbon market (https://lnkd.in/e2w2U4-y) and the U.S. Department of Energy (DOE) has announced its first step toward the USA’s pioneering purchase of carbon removal, with Heirloom among the first potential suppliers! (https://lnkd.in/ePXXMVGQ) These twin actions set the pace for advancing public and private markets for real and responsibly-deployed carbon removal. Reflected in this leadership from the Biden Administration are many of Heirloom’s own high-road CDR principles, released last year: https://lnkd.in/gBNzmncD

What's the true cost of excess CO2 in Earth's atmosphere? A new working paper is placing it at over $1,000 per ton -- or a 12% loss in global GDP for every 1 degree Celsius of temperature rise. Why does this matter? Because it provides an important data point to understand efforts to remove carbon from the atmosphere. Currently, multiple technology pathways are already removing CO2 for at or less than this $1,000 per ton social cost of carbon. And technologies like Heirloom's have a clear line of sight to driving down the cost of removals to $100 per ton -- or 10x less the cost of continuing to let climate change run unabated. Check out the full paper 👇 https://lnkd.in/eg7eDv_4