Tech Giant Palo Alto Networks Buys 10,000 Tons of Carbon Removal Credits
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📰 The quick summary: Palo Alto Networks has signed a five-year agreement to purchase 10,000 metric tons of carbon removal credits from 1PointFive’s Direct Air Capture technology, advancing corporate climate action through permanent carbon sequestration.
📈 One key stat: The 10,000 metric tons of carbon dioxide to be removed represents a significant corporate investment in engineered carbon removal solutions that provide permanent rather than temporary climate benefits.
💬 One key quote: “We look forward to collaborating with Palo Alto Networks and using Direct Air Capture to help advance their sustainability strategy,” said Michael Avery, President and General Manager of 1PointFive.
1️⃣ The big picture: Cybersecurity leader Palo Alto Networks has entered a significant five-year carbon removal agreement with 1PointFive, a developer of Direct Air Capture (DAC) technology. The deal involves purchasing 10,000 metric tons of carbon dioxide removal credits sourced from 1PointFive’s STRATOS facility in Texas. This partnership highlights the growing trend of major corporations turning to engineered carbon removal solutions to achieve their climate goals. The captured carbon dioxide will be permanently stored underground in saline aquifer formations, ensuring its permanent removal from the atmosphere.
2️⃣ Why is this good news: Corporate commitment to permanent carbon removal technologies is gaining momentum, providing critical financial support for scaling these emerging climate solutions. Direct Air Capture offers one of the most durable forms of carbon removal with verification protocols that ensure real climate benefit. The agreement helps accelerate the development of 1PointFive’s STRATOS facility, set to begin operations later this year as a flagship DAC project. Companies investing in high-integrity carbon removal are creating a market signal that encourages further innovation and cost reduction in technologies essential for meeting global climate targets.
3️⃣ What’s next: The STRATOS facility in Texas is scheduled to begin operations later this year, when it will start delivering on these carbon removal commitments. 1PointFive continues to secure additional agreements, including a recent 50,000-credit purchase from JPMorgan Chase. Meanwhile, 1PointFive and parent company Occidental are exploring a $500 million joint venture with ADNOC’s XRG to develop a massive DAC facility in South Texas.
Read the full story here: Carbon Herald – Palo Alto Networks Commits To Carbon Removal Through 1PointFive Agreement
