The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) has announced up to $54.4 million in additional funding to advance carbon management technologies aimed at reducing CO2 pollution. This funding will support the development of technologies for capturing CO2 from industrial and power sources or directly from the atmosphere, with a focus on either permanent storage or conversion into valuable products like fuels and chemicals.
The sixth and latest Carbon Management funding opportunity will target several areas, including reactive carbon capture, engineering-scale testing of advanced carbon capture technologies, pre-feasibility studies for retrofitting power plants and hydrogen production facilities and enhancing CO2 transport infrastructure.
Apart from developing these technologies, applicants must also address societal impacts, ensuring their projects promote diversity, equity, inclusion, and accessibility. This initiative is part of the Biden-Harris Administration’s goal of achieving net-zero emissions by 2050.
“Reaching our climate goals requires a significant scale-up of our carbon management projects and infrastructure,” said Brad Crabtree, Assistant Secretary of Fossil Energy and Carbon Management. He added, “DOE’s investments in carbon management will address technical challenges and help reduce costs to accelerate the widespread deployment of these technologies across the Nation, while also helping to ensure projects deliver benefits to communities and workers and mitigate potential risks to public health and the environment.”