DOE unveils $1.3B funding plan to boost carbon capture

By Carlos Anchondo | 09/30/2024 06:36 AM EDT

The Office of Clean Energy Demonstrations said the money could help projects in the power and industrial sectors.

Department of Energy headquarters in Washington

Department of Energy headquarters in Washington. Francis Chung/E&E News

The Department of Energy plans to set aside up to $1.3 billion to help advance carbon capture projects, including ones tied to industrial and electricity plants.

In a notice of intent released Friday, DOE’s Office of Clean Energy Demonstrations said the largest portion of the total funds available — up to $750 million — would help carbon capture demonstration projects at potentially one coal-fired power plant and as many as two industrial facilities.

The initiatives would be integrated with carbon dioxide transportation and storage infrastructure, according to DOE.

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While Friday’s notice is for informational purposes only, the department has recently awarded funding to carbon capture and storage (CCS) projects. That includes nearly $4.2 million for a planned CCS project at a coal plant in central North Dakota — sponsored by the Minnkota Power Cooperative — and nearly $4.4 million for a CCS proposal on a pulp and paper mill in Mississippi.

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