The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced on December 12 more funding for the carbon capture industry. The government will give $20 million to projects that will improve stakeholder access to region-specific information and technical assistance regarding carbon capture, transport, conversion, and storage across the United States.
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This financing opportunity will aim to facilitate assistance and access to critical resources that are critical for the regional development of carbon capture projects. It targets new technical assistance and public engagement projects with a more local geographic focus.
The funding opportunity also aims to facilitate large-scale geologic storage facilities or carbon management hubs that could store up to hundreds of millions of metric tons of CO2 at an injection rate of more than 5 million metric tons per year.
DOE could work with State Geologic Surveys and related organizations with unique technical capabilities to also identify the potential for these large-scale projects within promising geologic basins.
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“The funding announced today will support that engagement by establishing an effective mechanism for developing and providing technical assistance specific to regions where large-scale carbon management hubs are expected to emerge,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management regarding DOE carbon capture funding opportunity.
