Constellation Energy secures $2.5M DOE grant for DAC technology
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The US Department of Energy (DOE) has awarded a $2.5M grant to Constellation (NASDAQ:CEG) and its project partners to research potential game-changing carbon removal technology at Byron Generating Station in Northern Illinois.
The company will partner with 1PointFive Inc., Worley Group Inc., Carbon Engineering Ltd., Pacific Northwest National Laboratory and the University of Illinois Urbana-Champaign to research the viability of DAC technology at the zero-emission Byron plant.

The DAC project at Byron Station will capture 250K tons of CO2 each year, reducing global carbon emissions and helping to decarbonize energy intensive sectors of the economy.
The study which is expected to conclude in 2023, will also focus on the potential for a nuclear plant to become the center of a direct air carbon capture hub, partnering the DAC technology with storage of CO2.
Last month, Constellation started with Buy at Goldman on strong clean energy profile.