Monday, July 1, 2024
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1PointFive, a leading company in carbon capture, utilization, and sequestration (CCUS), has announced a new agreement with AT&T aimed at reducing carbon emissions. Under the agreement, AT&T will purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive’s upcoming Direct Air Capture (DAC) facility located in Texas. This purchase forms part of AT&T’s strategy to achieve carbon neutrality in its global operations by 2035.

When fully operational, STRATOS is expected to be the largest DAC facility globally, capable of capturing up to 500,000 metric tons of CO2 annually. The agreement stipulates that the captured CO2, underpinning the removal credits, will be stored using durable saline sequestration methods.

In addition to the carbon removal agreement, 1PointFive has joined AT&T’s Connected Climate Initiative (CCI). The CCI is a collaborative effort that aims to reduce greenhouse gas emissions by one gigaton by 2035 through connectivity-based solutions. As part of this initiative, 1PointFive will focus on enhancing collaboration around DAC and other carbon removal solutions to achieve cost-effective pathways to net-zero emissions.

Michael Avery, President and General Manager of 1PointFive, emphasized the significance of AT&T’s purchase of carbon removal credits, highlighting DAC’s role in providing a robust solution to address emissions challenges. Avery expressed optimism about the future collaboration with AT&T through the CCI.

Shannon Carroll, AVP of Global Environmental Sustainability at AT&T, underscored the company’s commitment to leveraging technology like DAC to drive impactful reductions in greenhouse gas emissions. Carroll emphasized the role of AT&T connectivity in enabling scalable solutions to combat climate change.

1PointFive specializes in deploying decarbonization solutions, including Carbon Engineering’s Direct Air Capture and AIR TO FUELS™ technologies, alongside geologic sequestration hubs.

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