Electricity demand in the U.S. is increasing for the first time in decades, primarily driven by the construction of data centers and advancements in artificial intelligence. This rise coincides awkwardly with the urgent need to combat climate change, as the direct air capture (DAC) industry, which focuses on removing carbon dioxide from the atmosphere, struggles with an insufficient supply of renewable energy. Investment in DAC technology has surged, but competition for limited power resources intensifies, highlighting the tension between rising energy needs and sustainable solutions.
The nascent direct air capture (DAC) industry is racing to develop technology to remove carbon dioxide directly from the sky amid rising electricity demand.
DAC companies are facing a shortage of renewable energy resources which limits their operational capacities despite significant investment and market interest.
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