"Big tech companies will be the leaders in demonstrating carbon capture, said KR Sridhar, co-founder and CEO of Bloom Energy. This leadership will help the technology proliferate around the world. I strongly believe carbon capture use and storage will be the only way we will decarbonize the planet in a big way over the next two decades."
"The AI-driven surge in electricity demand is lifting nearly every type of energy technology, especially natural gas but also more novel tech like fusion and long-term storage. Oil and gas companies have led much of the early development of carbon capture, but high costs have limited its deployment."
At least five carbon capture projects are being considered in the U.S., including initiatives by Google, ExxonMobil, Chevron, and Meta. Executives in energy and AI sectors emphasize the importance of big tech in demonstrating carbon capture technology. KR Sridhar of Bloom Energy believes that carbon capture will be essential for significant decarbonization over the next two decades. The surge in electricity demand driven by AI is benefiting various energy technologies, while high costs have previously limited carbon capture deployment. Big tech's commitment to climate goals may drive broader adoption of carbon capture.
Read at Axios
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