The Biden-Harris administration, through the U.S. Department of Energy (DOE), announced today it is making $2.52 billion available in funding for two carbon capture initiatives that aim to speed up and generate further investment in technologies that capture, transport and store carbon dioxide.
Funded by President Biden’s bipartisan Infrastructure Law, the two programs – Carbon Capture Large-Scale Pilots and Carbon Capture Demonstration Projects Program – are designed to significantly reduce CO2 emissions from energy and hard-to-abate industries.
“By focusing on some of the most challenging, carbon intensive sectors and heavy industrial processes, today’s investment will ensure America is on a path to reach net-zero emissions by 2050 and at the forefront of the global clean energy revolution,” said U.S. Secretary of Energy Jennifer M. Granholm.
The first program announced by the DOE is the Carbon Capture Large-Scale Pilots. There will be $820 million made available through it and it will be divided between up to 10 projects that are aimed at de-risking carbon capture technologies.
These projects will be expected to spur additional investments for commercial-scale demonstrations of the technology that can be deployed at power and heavy industry plants which generate a large portion of emissions in the US .
The second program is called the Carbon Capture Demonstration Projects Program. Up to $1.7 billion will be distributed between approximately six projects focused on demonstrating commercial-scale carbon capture technologies that have a functional link with CO2 transportation and geologic storage infrastructure. Here the scope of industries will include power generation cement, pulp and paper, iron, and steel.
You can click on the program names to read the complete funding opportunity announcements: