DOE Announces $110M Funding for Carbon Capture, Storage R&D Projects

The Department of Energy’s Office of Fossil Energy has allocated a total of $110M in federal funding to aid various research and development projects focused on carbon capture, utilization and storage. 

DOE said Friday it selected 13 projects to receive approximately $75M through two funding opportunity announcements issued earlier this year and approved roughly $35M for cost-shared R&D projects under a new FOA. 

Projects selected under the first FOA will support front-end engineering design studies for commercial-scale carbon capture systems on coal and natural gas power plants, while the second initiative will help accelerate CCUS deployment.

DOE said the third FOA aims to bolster wide-scale deployment of CCUS technologies by performing carbon capture assessment and storage site characterization. 

“CCUS technologies are vital to ensuring the U.S. can continue to safely use our vast fossil energy resources, and we are proud to be a global leader in this field,” said Energy Secretary Rick Perry.

The National Energy Technology Laboratory will manage the selected projects.