DOE investing $1.3 billion in carbon capture technology projects

December 26, 2024

The Department of Energy’s Office of Clean Demonstrations is making $1.3 billion available for up to 11 projects that help develop and commercialize carbon capture technologies

Commercial demonstration of advanced carbon capture technologies, integrated with reliable transportation and storage infrastructure, is necessary for the widespread deployment of carbon capture technologies, the DOE said. 

Projects awarded funding are expected to enhance the confidence of commercial entities in adopting carbon capture, utilization and storage (CCUS) technologies, broaden the market for electricity generation and industrial emitters and reduce costs to expand the feasibility of CCUS implementation across facilities. 

The funding is being provided through OCED’s Carbon Capture Demonstration Projects Program and the Carbon Capture Large-Scale Pilot Projects Program.  

Concept papers are due by March 1. Full applications are due July 1

OCED plans to fund projects across three main topic areas:   

  • Up to $750 million for commercial-scale carbon capture demonstration projects integrated with carbon dioxide (CO2) transportation and storage infrastructure at up to one coal-fired power plant and up to two industrial facilities that advance technical maturity, reduce uncertainty in cost and performance and increase the potential for the technology to be replicated and deployed at additional facilities.   
  • Up to $450 million for large-scale carbon capture pilot projects that demonstrate transformative technological advances in carbon capture, enabling increased capture efficiency, reduced cost and improved environmental performance.  
  • Up to $100 million for the planning and design of shared CO2 transport and storage infrastructure that networks of nearby carbon capture projects can use. This support aims to demonstrate how bringing different carbon capture projects together can reduce the cost for CCUS and enable more widespread adoption of CCUS by a broader range of emitters. Topic Area 3 is being offered in collaboration with the Office of Fossil Energy and Carbon Management to bolster the coordination of CO2 transport development and demonstration efforts across DOE.   

Image by Thomas Hoang from Pixabay

Miles Smith

Miles Smith has more than two decades of communications experience in the public and private sectors, including several years of covering local governments for various daily and weekly print publications. His scope of work includes handling public relations for large private-sector corporations and managing public-facing communications for local governments.

Smith has recently joined the team as a content writer for SPI’s news publications, which include Texas Government Insider, Government Contracting Pipeline and its newest digital product, Government Market News, which launched in September 2023. He graduated from Texas A&M University with a bachelor’s in journalism.

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