Scalability, Sustainability, and Cost Efficiency in Direct Air Capture (DAC) for CO2 Removal with Julian Turecek of AspiraDAC
Oct 26, 2023
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Join Julian Turecek, CEO of AspiraDAC, as he discusses the scalability, sustainability, and cost efficiency of direct air capture (DAC) technology. Learn about AspiraDAC's innovative approach of integrating renewable energy supply with capture technology and their use of metal-organic frameworks as carbon absorbent materials. Julian also explores the challenges and opportunities in engineering and scaling DAC for CO2 removal, as well as offers advice on taking action in the climate industry.
AspiraDAC addresses the challenges of scalability and cost reduction in direct air capture by using metal-organic frameworks (MOFs) as the absorbent and integrating renewable energy supply with the capture technology.
There is a contrasting environment in Australia and the Bay Area regarding the focus on carbon removal, with Australia emphasizing clean energy transition and the Bay Area being rich with investors and technologies for carbon removal, creating opportunities for collaboration in tackling climate change.
Deep dives
Direct Air Capture for Carbon Removal
Direct air capture, or DAC, is a promising solution for carbon removal and addressing climate change. DAC involves the process of removing CO2 directly from the atmosphere using innovative technology. It is seen as one of the most effective approaches to carbon removal because of its technology readiness level, monitoring capabilities, and durability of stored CO2. However, DAC is currently energy-intensive and faces challenges in scaling up and reducing costs. AspiraDak, an Australian company, addresses these challenges by using metal organic frameworks (MOFs) as the absorbent and integrating the energy supply with the capture technology. Their modular approach allows for scalability and cost reduction. Australia is considered a favorable location for DAC due to its abundance of land, sun, and storage sites. The goal is to achieve carbon removal at gigaton scale and reduce costs to $100 per tonne by leveraging innovative technology and large-scale deployment.
Different Climate Tech Scenes: Australia vs. San Francisco
The climate tech scene in Australia focuses on transforming the energy system, particularly transitioning from a coal-heavy grid to renewables and storage. There is less emphasis on carbon removal compared to the vibrant ecosystem in San Francisco, where many ideas and technologies for direct air capture (DAC) are being explored. While the Australian conversation centers on clean energy transition, the Bay Area is rich with investors, customers, suppliers, and new technologies for carbon removal. The contrasting environments create exciting opportunities for collaboration and knowledge exchange in tackling climate change.
The Evolution of Clean Tech Venture Capital
The journey of clean tech venture capital has witnessed significant changes over the years. Initial investments focused on renewable energy and smart grid innovations, as these areas were seen as vital for solving climate change. However, the challenge became apparent that physical changes in the energy system require capital-intensive solutions. Clean tech venture capital faced unique difficulties as they navigated through evolving technologies and post-GFC times. Today, the focus on capital-intensive clean tech projects continues, including the development of companies like AspiraDak in direct air capture. The objective is to build carbon removal projects at gigaton scale, considering the needs and expectations of investors and the urgency to address climate change.
Challenges and Innovations in Direct Air Capture
Direct air capture (DAC) faces several challenges in terms of cost, energy consumption, and technology development. The newness and small scale of DAC technology contribute to higher costs, comparable to early-stage solar PV. However, the potential exists for costs to decrease as scaling and global deployment occur. Economies of scale and advancements in technology can drive down costs and make DAC more affordable and efficient. AspiraDak's modular approach, using metal organic frameworks (MOFs) as the absorbent, enables easy scalability and opens the opportunity for future technological improvements. Integration of renewable energy supply directly into the system ensures a reliable and sustainable energy source, reducing emissions associated with external energy grids. The goal is to minimize energy consumption per ton of CO2 removed, ultimately aiming for cost-effective, large-scale carbon removal solutions.
Welcome back! Join Dylan and Julian Turecek, CEO of AspiraDAC, on this episode of Hardware to Save a Planet and explore the exciting world of direct air capture (DAC) technology and its potential for CO2 removal from the atmosphere.
Julian shares his insights on the energy requirements, challenges, and cost-effectiveness of DAC. Discover AspiraDac's innovative approach of integrating renewable energy supply with capture technology and how they use metal-organic frameworks (MOFs) as carbon absorbent materials.
Julian is an experienced energy executive and carbon market practitioner with almost 30 years in the industry. He is a former Investment Manager at Cleantech Ventures and has worked for ASX Top 50 firms, such as Origin Energy and BHP, as an electricity, gas, and environmental markets trading manager in regulatory and government affairs and venture capital. Julian specializes in the clean energy sector.
Hardware to Save a Planet is handcrafted by our friends over at: fame.so
Previous guests include: Peter Reinhardt of Charm Industrial, Carlos Araque of Quaise, Noah McQueen of Heirloom, Areeb Malik of Glacier, Jeff Satwicz of Bigbelly, Abe Schneider of Natel Energy, Insiya Jafferjee of Shellworks, Paul Gross of Remora, Erika Boeing of Accelerate Wind and Daniel Betts of Blue Frontier.
If you have an interesting hardware solution to the climate crisis and would like the opportunity to share this with our audience, please complete this Guest Application form: https://fame.so/syn
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