Chan: Scaling direct air capture to billions requires non-recourse debt
Doug Chan · Building the world’s biggest DAC facility · Jan 8, 2025 · at 8:18
Climeworks COO Doug Chan explains how direct air capture project financing must shift from balance-sheet venture funding to non-recourse infrastructure debt as capital expenditures grow.
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“As companies look to get to scale, especially in direct air capture, and once you get to like triple digit, or even triple digit millions, or billions of dollars of capex, debt financing, non-recourse financing is, is ultimately going to be needed.”
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