WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced up to $45.5 million in funding available to advance carbon dioxide (CO2) capture technologies and help establish the foundation for a successful carbon transport and storage industry in the United States. Large-scale deployment of carbon capture, transportation, and storage infrastructure is crucial to meeting President Biden’s goal of achieving net-zero greenhouse gas emissions by 2050 to address climate change, while also delivering a healthier environment and economic opportunities for our communities and workers.
“We will need hundreds of millions to billions of tons of carbon capture and storage capacity per year in the United States to achieve our climate goals,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. “DOE’s project investments are helping us pick up the pace in deploying cost-effective carbon capture technology to maximize emissions reductions from our power and industrial sectors, while also ensuring we have the infrastructure in place to transport and permanently store the captured carbon emissions.”
Projects selected under this funding opportunity announcement (FOA) will focus on two areas:
- Developing lower cost, highly efficient technologies for carbon capture from power and industrial facilities that will capture CO2 for permanent geologic carbon storage or for conversion into long-lasting products like concrete, and
- Accelerating the deployment of multi-modal transport of CO2 through the creation of transportation hubs. Preliminary engineering design studies will consider how hubs will connect multiple transport modes of CO2 with the aim of developing cost-efficient, long-term transportation options for all types of CO2 sources.
In addition to advancing CO2 capture, transport, and storage technologies, applicants must carefully address the societal considerations and impacts of their proposed projects, emphasizing active engagement with communities. Applications must explain how projects are expected to deliver economic and environmental benefits and mitigate impacts; conduct community and stakeholder engagement; incorporate diversity, equity, inclusion, and accessibility; and promote workforce development and quality jobs.
FECM minimizes environmental and climate impacts of fossil fuels and industrial processes while working to achieve net-zero emissions across our economy. Priority areas of technology work include carbon capture, carbon conversion, carbon dioxide removal, carbon dioxide transport and storage, hydrogen production with carbon management, methane emissions reduction, and critical minerals production. To learn more, visit the FECM website, sign up for FECM news announcements and visit the National Energy Technology Laboratory website.