​ CarbonCapture, a direct air capture (DAC) company, has announced that it has paused the development of Project Bison in Wyoming and is looking to relocate the project to another state due to the high level of competition for renewable energy from rapidly growing data centers.

Announced in 2023, Project Bison was expected to be operational before 2024, with the goal of achieving five million tons of carbon removal annually by 2030. The project had made significant progress, including securing three Class VI permits from the Wyoming Department of Environmental Quality.

The company states that the use of clean energy is an integral part of its model to ensure optimal impact on carbon emissions from its operations. CarbonCapture plans to announce the new location of its DAC site in the coming months and is in contact with the Department of Energy regarding the transfer of a previously raised USD 12.5 million in funding to a future site.

Analyst QuickTake: In March 2024 , the company had raised USD 80 million in a Series A funding round and had signed pre-purchase agreements for carbon removal credits with major companies such as Microsoft and BCG. Most recently, in June 2024 , CarbonCapture also leased an 83,000 sq feet manufacturing facility in Mesa, Arizona, capable of producing up to 4,000 DAC units per year. The company also unveiled its Leo Series, the first US DAC system designed for mass production, with each module containing 12 DAC reactors capable of removing 500 tons of CO2 per year.