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The speaker introduces Orca, the world's first commercial direct air capture and storage plant located in Iceland, after 15 years of development. This innovative technology is envisioned as a transformative solution for addressing global warming, akin to the impact of the first smartphone on communication. Orca, which has been operational for over a year, cost over $10 million to build and includes eight CO2 collectors capable of extracting over 10 tons of carbon dioxide from the air daily. While the initial investment may seem high, the potential for establishing a new industry and mitigating climate change is significant.