The US Department of Energy (DOE) has announced the first recipients of the $2.25 billion Carbon Storage Program, which aims to support the development of carbon capture, utilization, and storage (CCUS) technologies. The program is part of the Biden administration’s efforts to combat climate change and achieve net-zero emissions by 2050.
The Carbon Storage Program will provide funding for projects that demonstrate the commercial viability of CCUS technologies, including carbon capture from industrial processes and power generation, transportation of captured carbon dioxide (CO2), and storage in geologic formations. The program will also support research and development of new CCUS technologies and infrastructure.
The first round of funding, totaling $100 million, has been awarded to seven projects across the United States. These projects include:
1. Carbon Clean Solutions: This project will demonstrate a new carbon capture technology that uses solvents to capture CO2 from industrial processes.
2. Carbon Clean Solutions: This project will demonstrate a new carbon capture technology that uses solvents to capture CO2 from power plants.
3. Carbon Clean Solutions: This project will demonstrate a new carbon capture technology that uses solvents to capture CO2 from natural gas processing.
4. Carbon Clean Solutions: This project will demonstrate a new carbon capture technology that uses solvents to capture CO2 from cement production.
5. Summit Carbon Solutions: This project will develop a pipeline network to transport captured CO2 from industrial facilities in Iowa, Minnesota, Nebraska, and South Dakota to geologic storage sites in North Dakota.
6. University of Kentucky Research Foundation: This project will develop a new method for storing CO2 in underground coal mines.
7. Battelle Memorial Institute: This project will develop a new method for monitoring and verifying the storage of CO2 in geologic formations.
These projects are expected to create jobs, reduce greenhouse gas emissions, and accelerate the deployment of CCUS technologies. The DOE plans to award additional funding for the Carbon Storage Program in the coming years.
The Carbon Storage Program is part of a broader effort by the Biden administration to invest in clean energy and reduce greenhouse gas emissions. In addition to the Carbon Storage Program, the administration has proposed a $174 billion investment in electric vehicles, charging infrastructure, and research and development of new technologies. The administration has also set a goal of achieving 100% clean electricity by 2035.
Overall, the Carbon Storage Program represents a significant investment in CCUS technologies and a step towards achieving net-zero emissions. By supporting the development of new technologies and infrastructure, the program has the potential to create jobs, reduce greenhouse gas emissions, and accelerate the transition to a clean energy economy.
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- Source: https://zephyrnet.com/us-doe-reveals-1st-winners-of-2-25b-carbon-storage-program/