The U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) has announced plans to invest up to $1.3 billion in carbon capture, utilization, and storage (CCUS) technologies.
This funding, made possible by the Bipartisan Infrastructure Law, aims to accelerate the development and deployment of emissions-reducing technologies, supporting the nation’s transition to a clean energy future.
The initiative will focus on supporting commercial-scale carbon capture demonstration projects, large-scale pilot projects, and infrastructure planning and design activities.
By funding these projects, OCED seeks to enhance the commercial viability of CCUS technologies, reduce costs, and increase their adoption in both the electricity generation and industrial sectors.
Key Highlights of the Funding Initiative:
- Investment: Up to $1.3 billion in funding for CCUS projects.
- Focus: Commercial-scale demonstration projects, large-scale pilot projects, and infrastructure planning.
- Goals: Advance technological maturity, reduce costs, and increase adoption of CCUS.
- Sectors: Electricity generation and industrial sectors.
Encouraging commercial adoption of carbon capture technologies
The DOE funding opportunity aims to boost the confidence of businesses in adopting carbon capture, utilization, and storage (CCUS) technologies.
By expanding the market for electricity generation and industrial emitters, and reducing implementation costs, the initiative seeks to make CCUS more feasible for a wider range of facilities.
The funding solicitation is anticipated to be released in late 2024. Interested parties are encouraged to register for an informational webinar on October 21, 2024.
Relevant: Project Tundra Receives First $4.2M From DOE For Carbon Capture Research
Additionally, OCED is organizing an in-person Industry Day on November 19, 2024, in the Washington, D.C. area. This event will foster partnerships among potential applicants. For further information on these and other engagement opportunities, please visit the OCED website.
This upcoming funding opportunity aligns with OCED’s ongoing efforts in carbon capture. It complements existing programs such as the Carbon Capture Demonstration Projects Program, which includes both demonstration projects and Front-End Engineering Design (FEED) studies. Additionally, the Carbon Capture Large-Scale Pilot Projects Program remains a key component of OCED’s initiatives.
For more details and to register for upcoming events, please visit the OCED website.
Read more: Carbon Direct Serves As Strategic Adviser To 1PointFive In DOE DAC Award
