Occidental Low Carbon Ventures and TAE Technologies Explore Fusion Energy for Direct Air Capture Facilities
OXYOXY(OXY) Newsfilter·2024-06-11 20:00

HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (NYSE:OXY), and TAE Technologies, a global leader in fusion energy development, today announced they have signed a memorandum of understanding to explore commercial opportunities that use TAE's fusion technology to provide emissions-free power and heat for Direct Air Capture (DAC) facilities. Fusion technology has the potential to deliver emissions-free, continuous and on-demand energy to complement Occiden ...