Occidental Low Carbon Ventures And TAE Technologies Sign MOU To Explore Fusion Energy For Direct Air Capture Facilities
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Occidental Low Carbon Ventures (OLCV), a subsidiary of Occidental (NYSE:OXY), and TAE Technologies have signed a memorandum of understanding to explore using TAE's fusion technology for emissions-free power and heat in Direct Air Capture (DAC) facilities.
June 11, 2024 | 12:28 pm
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Occidental's subsidiary OLCV has signed an MOU with TAE Technologies to explore using fusion energy for emissions-free power in DAC facilities. This partnership could enhance Occidental's position in clean energy solutions.
The MOU signifies a strategic move by Occidental to leverage advanced fusion technology for clean energy, potentially boosting its reputation and market position in the clean energy sector.
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