Office: Carbon Management
FOA number: DE-FOA-0002730
Download the full FOA: FedConnect
FOA Amount: $27 million
Background Information
On April 22, 2024, the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced $11 million for four selected projects that will help fight climate change by bolstering the nation’s carbon management industry. The projects, funded by the Bipartisan Infrastructure Law, will support the transport of carbon dioxide (CO2) captured from industrial and power generation facilities, as well as from legacy carbon dioxide emissions captured directly from the atmosphere, to locations for permanent geologic storage. This effort supports the development of a large-scale carbon management industry, key to achieving the Biden-Harris Administration’s historic climate and clean energy agenda.
The United States will likely need to capture and permanently store approximately 400–1,800 million metric tons of CO2 annually by 2050 to meet its net-zero commitments. To accommodate the expected rapid growth of the carbon capture and storage industry, we will need to significantly expand our CO2 transport network over the next decade to connect CO2 sources, such as industrial facilities and power plants, to geologic formations where captured CO2 emissions can be securely and permanently stored deep underground.
This funding is provided from the Bipartisan Infrastructure Law Section 40303.
Awardees
Four selected projects will support front-end engineering and design (FEED) studies for regional transport networks to safely transport captured CO2 from key sources to centralized locations for permanent storage. The projects will focus on carbon transport costs, transport network configurations, and technical and commercial considerations to enable industrial-scale deployment of carbon capture and storage.
Awardees include:
- BKV dCarbon High West, LLC
- Carbon Solutions, LLC
- Overseas Shipholding Group, Inc.
- ZuCO2 Transport, LLC
A detailed list of the selected projects can be found here.
A detailed list of the round one selected projects from May 2023 can be found here.
Key Dates
| FOA Issue Date: | 09/15/2023 |
| Submission Deadline for Full Applications: | 11/16/2023 at 5:00 PM ET |
| Expected Date for Selection Notifications: | April 2024 |
Additional Information
- Download the full funding opportunity on FedConnect.
- All applicants must register and apply on Grants.gov and submit questions through FedConnect
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Last Updated: April 22, 2024