Microsoft Signs CO2 Removal Agreement - Smart Energy Decisions

Commercial, GHG Emissions  -  July 9, 2024

Microsoft Signs CO2 Removal Agreement

Microsoft entered an agreement to purchase 500,000 metric tons of carbon dioxide removal (CDR) credits over six years, the largest single purchase of CDR credits enabled by Direct Air Capture (DAC) to date. 

Microsoft signed the agreement with carbon capture, utilization and sequestration (CCUS) company 1PointFive, and the credits will be enabled by STRATOS, 1PointFive’s first industrial-scale DAC facility currently under construction in Texas. 

Under the terms of the agreement, the captured carbon dioxide underlying the credits will be securely stored through subsurface saline sequestration and will not be used to produce oil and gas. 

“We’re very pleased to announce this deal with 1PointFive, a pioneer in the Direct Air Capture space, which is building the largest DAC project worldwide,"  said Brian Marrs, Senior Director for Carbon Removal and Energy at Microsoft, in a statement. "To achieve the gigatons of removals needed this century, first-of-a-kind projects like STRATOS are essential to move from pilots to scale. DAC plays an important role in Microsoft’s carbon removal portfolio supporting our broader goal of becoming carbon negative by 2030."

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