The funding will support energy conservation projects to support the Fed's goal of achieving net-zero greenhouse gas emissions in all federal buildings by 2045.
These funds will support the Department of Energy's commitment to industrial decarbonization and maintain America’s manufacturing competitiveness in global markets.
Applicants can secure funding through three main topical areas: Carbon Capture Demonstration, Carbon Capture Large-Scale Pilot Projects and Infrastructure Planning and Design.
While hydrogen plays a crucial role in decarbonization industries across the world, excessive amounts can extend the lifetime of other greenhouse gases.
According to the Electric Power Research Institute, data centers could consume up to 9% of U.S. electricity generation annually by 2030, up from 4% in 2023.