There's this thing that works more or less the same way, except it's free, works 24 hours a day, needs only light and water to function and looks beautiful while doing so... What's that called again? Oh right, a tree.
"Around 0.9 billion hectares of land worldwide would be suitable for reforestation, which could ultimately capture two thirds of human-made carbon emissions."
https://ethz.ch/en/news-and-events/eth-news/news/2019/07/how...
https://extension.psu.edu/how-forests-store-carbon
Or alternatively, wood can be used for increasingly complex construction, for example this wooden skyscraper:
https://www.thetimes.co.uk/article/berlins-woho-wooden-skysc...
Lastly, just increasing the carbon stored in living mass may be vastly beneficial.
Apparently it had 40% tree cover as recently as 1000 years ago.