WEBVTT

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We started with what is something that is
simple and what is something that we can

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scale and build today.

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Marcus, Alex,
thank you both so much for being here.

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Alex, let's start with you.

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How widely has direct air capture
technologies been adopted?

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Well,
we're seeing tremendous progress in the

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last several years in commercial
commitments to buy the credits that

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direct air capture provide.

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And that's the value of direct air
capture anywhere in the world that you

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can do it,
You can sell a credit to someone else to

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provide the value of removing that CO2
from the atmosphere.

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So we've already seen commitments of
several million tons of direct air

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capture credit purchases made and we've
seen a tremendous amount of capital

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flowing into it.

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So a lot of progress still to actually
build that.

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There's,
there's something in the order of of

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upwards of 1,000,
000 tons of direct air capture projects

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under construction or approaching
investment decision now.

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But the recent trend in in the last
several years has been dramatic growth in

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corporate commitments to buy those
credits to ultimately finance those

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direct air capture projects that we we
see forthcoming in the in the future

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years.

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Yeah.

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So that's the good news.

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But of course the the most important part
is having signed those contracts,

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getting to the point of deliverability
and that's really where Director capture

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has a bit of a ways to go still.

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So actually my company Heimdall has the
largest currently operational director

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capture plan in the country and there is
more coming online pretty soon.

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But there's a lot more to come to to the
delivery than what has already been sold.

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So there's a big difference there between
commercial progress versus on the ground

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real physical steel on the ground
progress.

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That said,
we're very excited certainly at at

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Heimdall to be pushing forward on exactly
that key point of deliverability,

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which we see is more and more important
to investors and commercial partners.

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As we kind of have taken a little bit of
a step back from DAC one point O and have

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started to look more at, OK,
what can actually be done.

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And Marcus just to expand on that a
little bit more,

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explain Heimdall's approach to direct air
capture.

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So the philosophy of Heimdall is,
is sort of exactly that we we started

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with what is something that is simple and
what is something that we can scale and

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build.

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Today, the first iterations of of DAC,
we're very much focused on what's

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something that worked in the lab,
whereas what Heimdall does is what's

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something that's a little bit rough and
dirty, but it's really simple,

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is really cost effective, and it's really,
really easy to scale because we're able

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to piggyback on existing industries,
including agriculture,

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cement and the mining industries.

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Alex, and for you,
what are you seeing as the most promising

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business models for DAC?

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So I think we're seeing a real evolution
from the first commercial model,

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which is to go direct to individual
customers and sell that credit,

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the effective value of removing tons of
CO2 from the atmosphere to now a deeper

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integration within different product
value chains and matching the credit with

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specific products.

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The key for any carbon removal effort is
to show demonstrated value to customers

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that if it's the product they're buying,
the company that they're investing in,

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the company that they're working for,
for employees, that that company,

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the value chain that they're operating in
is lower carbon is taking the rigorous

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and and sometimes expensive right efforts,
but worthwhile efforts to reduce the

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carbon intensity,
reduce the CO2 emissions footprint of,

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of whatever that effort and activity is.

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And I think the evolution we're now
seeing of taking that credit structure

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and and integrating it and demonstrating
to customers what's happening,

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how their purchases or who they're
working for,

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who they're investing in is really
driving these investments.

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That's where the innovation's happening.

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And that's what's really exciting because
we all need to see value out of it.

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The better we can demonstrate that,
the faster the market's going to grow,

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the more scalable we see these
technologies.

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Thank you.

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Thank you, Lisa.

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Thank you, Lisa.