On February 12, the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management (FECM) announced that it will award up to $100 million to support U.S. pilot projects and testing facilities demonstrating and scaling carbon dioxide removal (CDR) technologies. The funding will support projects and facilities that remove carbon dioxide (CO2) directly from the atmosphere and store it in geological, bio-based, or ocean reservoirs, or that convert the captured CO2 into value-added products. The funding is intended to support the development of a commercially viable U.S. CDR industry, in advancement of the goal of DOE’s Carbon Negative Shot of reducing the cost of capturing CO2 from the atmosphere and storing it at gigaton scales to less than $100 per net metric ton of CO2-equivalent by 2032. The funding is a significant opportunity for developers and investors in CDR ventures that are prepared to deploy a pilot project in an area of interest for DOE.Continue Reading DOE Announces $100 Million in Funding to Accelerate Carbon Removal
Carbon capture and storage
Qualifying Carbon Capture and Storage under 45Q: How Biden’s Infrastructure Plan and Congressional Action May Provide a Realistic Role for CCS in Achieving Net Zero
By Kevin Poloncarz on
This post is the 17th in our series, “The ABCs of the AJP.”
President Biden’s American Jobs Plan (AJP) sends strong signals in support of carbon capture and sequestration as an important tool to achieve the President’s ambitious decarbonization objectives.
Continue Reading Qualifying Carbon Capture and Storage under 45Q: How Biden’s Infrastructure Plan and Congressional Action May Provide a Realistic Role for CCS in Achieving Net Zero
The Role of Carbon Capture and Storage in California’s Net-Zero Future
By Kevin Poloncarz on
Posted in Carbon capture and storage
Earlier today, the Energy Futures Initiative and Stanford University released a new joint report that provides policymakers in California with an action plan for realizing the significant decarbonization opportunities presented by use of carbon, capture and storage (CCS) technology within the state. The results of the study add to a growing body of evidence demonstrating that CCS is a viable and important near-term option for California in meeting its greenhouse gas (GHG) reduction targets in 2030 and beyond.
Continue Reading The Role of Carbon Capture and Storage in California’s Net-Zero Future