US DOE to grant $36m for carbon capture research projects
Energy Business Review
WASHINGTON, DC —The US Department of Energy (DOE) has launched a federal program that will grant nearly $36m of financial assistance to advance carbon capture technologies to either the engineering scale or to a commercial design.
The program announced by US Secretary of Energy Rick Perry will help cost-shared research and development projects working on the development of carbon capture technologies.
Selected projects will be supported under the DOE’s Office of Fossil Energy (FE), the Design and Testing of Advanced Carbon Capture Technologies funding opportunity announcement (FOA).
DOE stated that it is exploring transformational, low-cost technology solutions as part of its attempt to bring down energy and capital cost associated with 2nd Generation carbon capture systems. The federal agency hopes that the solutions would enable competitive operation of fossil-based power generation infrastructure in a low-carbon future.
Secretary Perry said: “Carbon capture technologies are one of the most effective ways we can continue to leverage the sustainability of our Nation’s fossil fuel resources while advancing environmental stewardship.