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The U.S. Department of Energy (DOE) has set aside up to $1.3 billion to foster investment in carbon capture, utilization and storage (CCUS) technologies.
With funding from the Bipartisan Infrastructure Law, the DOE seeks to boost confidence for commercial adoption of CCUS technologies, broaden the market for electricity generation and industrial emitters and lower costs aiming to increase adoption, it said in a notice issued Sept. 27.
“In addition to reducing harmful greenhouse gas emissions, these technologies will also help deliver clean air and other environmental benefits to communities across the country while revitalizing local economies,” the DOE’s Office of Clean Energy Demonstrations (OCED) said.
As stated in the new release, the OCED will work with the Office of Fossil Energy and Carbon Management to offer:
- Up to $750 million for commercial-scale carbon capture demonstration projects integrated with CO2 transportation and storage infrastructure at up to one coal-fired power plant and up to two industrial facilities;
- Up to $450 million for large-scale carbon capture pilot projects that demonstrate transformative technological advances in carbon capture, enabling increased capture efficiency, reduced cost, and improved environmental performance; and
- Up to $100 million for planning and design activities to support the development of networks that can share CO2 transport and storage infrastructure.
OCED said it anticipates the funding solicitation will be released in late 2024.
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