Carbon capture and storage companies us3/14/2024 ![]() ![]() The projects also advance existing research and development by addressing key technical challenges facilitating data collection, sharing, and analysis evaluating regional infrastructure and promoting regional technology transfer. ![]() Under the second FOA award, Regional Initiative to Accelerate CCUS Deployment, DOE selected four projects to receive up to $20 million in federal funding for cost-shared R&D. The selected projects will support FEED studies for commercial-scale carbon capture systems. Under the first FOA award, Front-End Engineering Design (FEED) Studies for Carbon Capture Systems on Coal and Natural Gas Power Plants, DOE has selected nine projects to receive $55.4 million in federal funding for cost-shared R&D. “Not only will these technologies allow us to utilize our fossil fuel resources in an environmentally friendly manner, but the captured CO 2 can also be utilized in enhanced oil recovery, which would help us maximize our energy production.” “CCUS technologies have transformative potential,” said Assistant Secretary for Fossil Energy Steven Winberg. “CCUS technologies are vital to ensuring the United States can continue to safely use our vast fossil energy resources, and we are proud to be a global leader in this field.” “This Administration is committed to providing cost-effective technologies to advance CCUS around the world,” said Secretary Perry. A recent study by Science of the Total Environment found that DOE is the most productive organization in the world in the carbon capture and storage field. Carbon capture, utilization, and storage (CCUS) is increasingly becoming widely accepted as a viable option for fossil-based energy sources-such as coal- or gas-fired power plants and other industrial sources-to lower their carbon dioxide (CO 2) emissions.ĭOE’s program has successfully deployed various large-scale CCUS pilot and demonstration projects, and it is imperative to build upon these learnings to test, mature, and prove CCUS technologies at the commercial scale. These FOAs further the Administration’s commitment to strengthening coal while protecting the environment. Approximately $75M is for awards selected under two FOAs announced earlier this fiscal year $35M is for a new FOA. Department of Energy’s (DOE’s) Office of Fossil Energy (FE) has announced approximately $110 million in federal funding for cost-shared research and development (R&D) projects under three funding opportunity announcements (FOAs). ![]()
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