Tech
Money Is Pouring Into Carbon Capture Tech, But Challenges Remain
Elon Musk, Microsoft and oil giants like Occidental and Exxon Mobil are investing in carbon capture technologies. Carbon Engineering and Climeworks are two start-ups that have built machines to suck CO2 straight out of the atmosphere in a process known as direct air capture. But the technology faces a number of challenges, one of which is that there’s currently no market for the captured CO2. As a result, some companies are selling their captured CO2 to oil companies, which use it to produce even more oil.
Correction (March 4, 2021): At 9:08 we misstated a company that invested in Carbon Engineering. The correct company is BHP.
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Money Is Pouring Into Carbon Capture Tech, But Challenges Remain
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CNBC’s Michael Wayland takes a first look at electric vehicle startup Slate Auto’s modular $25,000 pick up trucks. The cars are affordable and basic, with features that buyers can customize. That includes turning the truck into an SUV. The vehicles had more than 150,000 refundable reservations before their release, despite waning consumer demand in EVs in the U.S. The company is about to find out if the truck can disrupt the market.
Reporting by: Michael Wayland
Produced and Camera by: Natalie Rice
Edited by: Darren Geeter
Senior Managing Producer: Tala Hadavi
Additional Footage: Slate Auto
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CNBC Takes A First Look At Slate Auto’s $25,000 Modular Cars
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AI data centers are driving unprecedented demand for electricity and putting renewed pressure on America’s power grid to modernize its equipment and develop greener, more efficient sources of power. Google, Meta, Microsoft and Amazon are all spending millions of dollars on local infrastructure upgrades and companies like SpaceXAI are even building off-grid power plants to power their data centers.
Google says its planned 780-megawatt data center in Pine Island, Minnesota, could offer a model for powering the AI boom. In a proposed agreement with Xcel Energy, Google says it will support 1,900 megawatts of new wind, solar and battery capacity, while minimum payments and exit fees are intended to protect local ratepayers if demand falls short.
CNBC examines whether projects like Pine Island can make the grid cleaner without shifting costs to existing customers, why some energy experts argue that smaller data centers could make better use of infrastructure already in place, and how utilities’ financial incentives can complicate efforts to build less.
Chapters:
0:00 – 2:06 Introduction
2:07 – 4:49 Off-grid solutions
4:50 – 9:00 Upgrading the grid
9:01 – 11:44 Smaller data centers
Produced by: Jeffrey Kopp
Senior Director of Video: Jeniece Pettitt
Tech Correspondent: MacKenzie Sigalos
Edited by: Erin Black, Matt Soto
Camera: Donny Rowles
Animation: Jason Reginato, Emily Park
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The Race To Power AI Is Reshaping America’s Electric Grid
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A leak by Indian supplier Tata Electronics, purportedly of the yet-to-be-released iPhone 18 Pro models, has become marketing gold for the Chinese government. The Communist Party paper, The Global Times, is using the leak – caused by a cyberattack – as a cautionary tale for Apple and other American companies that are in the process of diversifying their supply chains away from China. CNBC’s Eunice Yoon reports.
00:58 Correction: The location tag should be Beijing, China.
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China’s Swagger After India’s iPhone 18 Leak
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Unstoppable demand for AI is leading to a capacity crunch on factory lines at the world’s leading chip manufacturer, Taiwan Semiconductor. And it could put a chokehold on AI’s ability to scale. Analysts tell CNBC that Nvidia, Apple, Broadcom, AMD and others are locked in an “extremely fierce” competition to get their GPUs, CPUs and custom AI chips made at TSMC. Capacity can’t come online fast enough, despite TSMC’s rush to build new fabs in Taiwan, Japan and Arizona, where has expanded investment to $265 billion. The strain has made one man at TSMC “the most popular person on the planet,” as chip start-ups and big name CEOs visit Taiwan to ask him for wafer allocation. It’s also created a rich opportunity for Intel, as customers look to the long-struggling foundry arm of the U.S. chip manufacturer for a second source.
Chapters:
0:00 Introduction
2:06 ‘Most popular person on the planet’
6:54 Making room for smaller players
9:10 Can new U.S. fabs ease the crunch?
Producer and Reporter: Katie Tarasov
Edited by: Matt Soto, Andrew Evers
Camera: Eddie Temborski, Robert Lampe, Evan Reinhardt
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Cerebras, D-Matrix, Getty Images, Intel, Nvidia, OpenAI, SpaceX, TSMC
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Why There’s An ‘Extremely Fierce’ Battle For TSMC’s Limited Chip Manufacturing Capacity
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Warner Music Group, the third-largest music label by market share, is tapping into the South Asian music movement with its latest venture.
CNBC’s Laya Neelakandan explains.
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@NebraskaWriter
December 20, 2023 at 11:49 am
All of this carbon capture is just a bogus way for the fossil fuel industries to continue business as usual. Same way they are promoting "green" hydrogen when once the H2 has been created, it's impossible to see where it originated. So, another way to sell more oil. No thanks.
@johndenmark4684
December 20, 2023 at 11:49 am
Pay for people to remove co2 for rich companies that won’t clean up their own process
@johndenmark4684
December 20, 2023 at 11:49 am
Using fossil fuel to capture Co2 and then use it to push more oil out of the ground, and make fuel that makes more fuel? Who is paying for it? Seems like woke blackmail. How many do they have in china?
@lifeleisuresa1229
December 20, 2023 at 11:49 am
Where there's a trough, pigs will feed…
@cfalletta7220
December 20, 2023 at 11:49 am
Carbon capture must be stored and not reused and the gas oil and tax payers need to be paying for this to happen
@fredbloke3218
December 20, 2023 at 11:49 am
The pilot plant is powered by burning natural gas – is resulting CO2 captured too?
@rainbow4x4
December 20, 2023 at 11:49 am
How long before you run out of underground storage? What keeps this from seeping into underground aquifers? What effects will this have on earth quakes and the moving of plate tectonics, these are constantly moving. Carbon storage has only been studied for approximately 50 years. Whats going to 150 years from now?
@user-ir8hd7jd6y
December 20, 2023 at 11:49 am
Can we find out about the THERMAL HEAT being released in the atmosphere WORLDWIDE. If we are able to harness the waste Thermal Heat & put it to use, we shall be able to solve more than half the ENERGY PROBLEM around the world. The term we use for climate change is GLOBAL WARMING, yet we deliberately ignore the proper utilization of waste THERMAL HEAT from different sources.
Secondly we need to start reforestation GLOBALLY at war footing. The waste Biomass is capable enough to provide us everything we require, it shall provide us with, Hydrogen rich Syngas, Thermal energy, hot & cold, Biochar which is base for more than 80 uses, Bio Oil as furnace oil, as manufacturing Bio insecticide, Bio pesticide, Bio fungicide & may be Bio herbicide in the near future. This will slow down the climate change( it can never be stopped. Change is essential for the existence of the UNIVERSE.). This will bring Ecological Balance, Balance the Biodiversity, check the speed of Global warming & climate change.
@alexlindekugel8727
December 20, 2023 at 11:49 am
co2 in the air is very dilute. so the lower the co2 in the air the less efficient air capture is. a fun paradox realy.
@transylvanianite3391
December 20, 2023 at 11:49 am
Another way to discourage fossil fuel industry production is to replace all gas consuming products ( gas engines, gas ran manufacturers, and gas operated utilities) and replace all of the latter wit all electric. The fossil fuel will lose money and go bankrupt because no products to use their fuel, in an all electric world
@nystagmus
December 20, 2023 at 11:49 am
How can you invest in this?
@williamgwyntreharne9966
December 20, 2023 at 11:49 am
The best place to plant trees is at the bottom of our valleys, because that is where the concentration of CO2 is at its greatest.
@rodericde876
December 20, 2023 at 11:49 am
What about the oxygen? We are taking stored carbon, combining it with twice as much oxygen and are proposing to store the product, CO2. Surely it would be better to do what the world’s flora does and store the carbon while releasing the oxygen back into the atmosphere. CCS in the long term will be destructive. Due to the current global climate disaster It must, however, regrettably be implemented as a short term measure while we are working out how to do what the plants do rapidly and economically enough using renewable energy sources to split the CO2 back into C and O to restore and maintain the CO2/O2 balance in the atmosphere. Or is that a dumb idea?
@user-zx6lf5so4w
December 20, 2023 at 11:49 am
🤣 Only a moron would think that this would work ,it would take trillion s and trillions of these and you would have to cover the entire floor surface of the earth and that would not make a dent
@allenmadison8775
December 20, 2023 at 11:49 am
All of our AC units move tons of air and could be setup to remove C02 while they're cooling are homes.
@manx186
December 20, 2023 at 11:49 am
much more carbon in space
@allenmadison8775
December 20, 2023 at 11:49 am
I think the answer is to hook carbon capture to everyone's air conditioners.
AC units move ton of air each day.
The garbage companies could collect the C02 with the trash every week. The filters could probably be made out of a cannabis mesh that's coated with MEA.
@atanacioluna292
December 20, 2023 at 11:49 am
The carbon cycle is part of the life cycle. Carbon lithification is also part of the cycle. The book Pluvicopia shows how to produce limitless water from the natural water cycle. The process is beautiful because it increases life with water to fulfill civilization's needs while saving biodiversity and a healthy biosphere. The ugly, costly, and corrupt CCS systems proposed in this documentary are unnecessary.
@user-lb1fv3pn5m
December 20, 2023 at 11:49 am
why does no one mention the planes that spray particles that disrupt weather patterns, warming and cooling of the atmosphere, biodiversity and human health. when you solve that, we can deal with secondary matters. for starters, give us back the BLUE in the sky!
@hectorheslop9397
December 20, 2023 at 11:49 am
Can wind turbines be built to accommodate direct air capture technology simultaneously, within their structure ? Seems like an improvement on a wonderful, new and innovative engineering science . Both technologies are focused on the use or air as a means to reduce global warming and mitigate climate change . Combining two technologies will be a bit more costly, but killing two birds with one stone is always advantageous .
@charlesstevens9030
December 20, 2023 at 11:49 am
I would like to China have to do this as well
@buzzpoluchi3217
December 20, 2023 at 11:49 am
Sucking harmless co2 from the air? You must be kidding.
@mhxxd4
December 20, 2023 at 11:49 am
Add a tax to every gallon sold that covers the cost of full co2 capture. Direct capture is cheap enough to do that now and with more oil burned it'll mean more money to capture, a cycle. With large scale capture I imagine the cost to do it will get driven down so we'd pay less tax per gallon over time
So basically we can burn as much gas as we want and stay carbon neutral
@lc9529
December 20, 2023 at 11:49 am
This is still developing…wait another 10 years and it will blow your mind..AI will figure out exactly what to do and at scale…not worried about the environment at all…quantum computing will take everything to the next level x a billion and it will be here by 2029 Ray Kurzweil…and hes RARELY wrong and when he is it because a prediction actually came early
@rabblerouser1665
December 20, 2023 at 11:49 am
You can’t get funding for this unless you can find monetize-able use for the carbon.
@robertlong7466
December 20, 2023 at 11:49 am
It’s a scam, co2 is 77% oxygen, that means they are suggesting the removal of 0.0092 % of the atmosphere! They actually love this charade, deduction’s and price hikes make it very lucrative!
@mandarkumthekar8565
December 20, 2023 at 11:49 am
Instead of capturing co2 we should deliberately emitting anti green house gases or materials to keep earth cool.
@hjpev6469
December 20, 2023 at 11:49 am
14:50 This guy talks like it's a terrible policy failure that Exxon Mobile was able to claim a bunch of credits for carbon capture. But I don't think that's true. If Exxon Mobile is able to permanently store CO2 underground, then they SHOULD be given the credits.
@alenamertzenich999
December 20, 2023 at 11:49 am
Мне темнота нада
@scotthoffman7071
December 20, 2023 at 11:49 am
This channel is just a fake liberal scam to stop people from funding ccs and force you to pay more for electricity. When they make everything electric, have fun with your 10k electric bill.
I would rather a fast co2 removal to 300 ppm over 20 year with ccs over them just shutting down our economy and have co2 to 300 ppm in 10,000 years.
@Kennon-gm8id
December 20, 2023 at 11:49 am
A great video, well worth 18 minutes of your life to view! – However it is now a year out of date and the Q45 tax credit position in the USA has improved greatly – please update CNBC 🙂
@anthonymugo4274
December 20, 2023 at 11:49 am
Why not make it so that the oil companies profiting from fossil fuels have atleast a carbon capture plant
@jont39
December 20, 2023 at 11:49 am
I've never heard so much contradictory bollox in all my life