The CO2 removed from the air will be stored underground, and verifiable carbon credits will be generated to be sold in the carbon markets.
A blueprint for future projects
In a global first, this collaborative project provides a win-win for clean energy producers and DAC technology. The DAC ensures the offtake of wind farm energy while securing low-cost power. The carbon credits generated provide landowners new avenues for monetizing their assets while leading to a greener future.
“Project Concho brings significant benefits to the Concho Valley, providing new economic opportunities for landowners beyond traditional activities,” said Coleman White, co-founder of Verified Carbon in the press release.
“Projects like these allow us to maintain traditional land uses while benefiting from a new income source and supporting projects that sustain our environment and local economy.”