STRATOS DAC facility — 500,000 tons CO2 removal credits over 6 years (from 500,000 tpa STRATOS, Ector County, Texas)
Microsoft purchase of 500,000 metric tons CDR credits from 1PointFive's STRATOS DAC plant in Texas over 6 years — largest single DAC carbon removal purchase to date at announcement. Note: This is the November 2023 announcement; July 2024 announcement involved a separate larger commitment. STRATOS expected operational 2025.
Undisclosed (largest DAC CDR purchase to date)
Deal Value
Carbon Capture & DAC
Technology
TX
Location
Deal Details
- Deal Type
- Power Purchase & Offtake
- Seller / Sponsor
- 1PointFive (Occidental subsidiary)
- Buyer / Financier
- Microsoft
- Offtaker
- Microsoft
- Deal Value
- Undisclosed (largest DAC CDR purchase to date)
- Stage
- Construction
- ISO/RTO
- ERCOT
- Source
- Occidental / 1PointFive
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