The Office of Clean Energy Demonstrations (OCED) under the US Department of Energy (DOE) has issued a Notice of Intent (NOI) to finance up to US$1.3bn to boost investments in carbon capture, utilisation, and storage (CCUS) technologies. The funding solicitation will be released in late 2024.
It will offer up to US$750m for commercial-scale CCUS demonstration projects integrated with CO2 transportation and storage infrastructure at up to one coal-fired power plant and up to two industrial facilities that advance technical maturity, reduce uncertainty in cost and performance, and increase the potential for the technology to be replicated and deployed at additional facilities. Another US$450m will be offered to large-scale CCUS pilot projects that demonstrate transformative technological advances. Finally, up to US$100m will be offered for planning and design activities to support the development of networks that can share CO2 transport and storage infrastructure.
The OCED is already involved in carbon capture programs, including the Carbon Capture Demonstration Projects Program and the Carbon Capture Large-Scale Pilot Projects Program.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.