The U.S. Department of Energy’s Office of Clean Energy Demonstrations has issued a notice of intent to fund up to $1.3 billion “to catalyze investments in transformative carbon capture, utilization, and storage technologies,” OECD said on Sept. 27.
The funding is made possible by President Biden’s Bipartisan Infrastructure Law under the Carbon Capture Demonstration Projects Program and the Carbon Capture Large-Scale Pilot Projects Program.
OCED, in collaboration with the Office of Fossil Energy and Carbon Management, anticipates offering funding in the following three topic areas:
- Carbon Capture Demonstration Projects (Topic Area 1): Up to $750 million for commercial-scale carbon capture 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.
- Carbon Capture Large-Scale Pilot Projects (Topic Area 2): Up to $450 million for large-scale carbon capture pilot projects that demonstrate transformative technological advances in carbon capture, enabling increased capture efficiency, reduced cost, and improved environmental performance.
- Carbon Capture Demonstration Projects Program – Infrastructure Planning and Design (Topic Area 3): Up to $100 million for planning and design activities to support the development of networks that can share CO2 transport and storage infrastructure. This support aims to demonstrate how bringing different carbon capture projects together can reduce the cost for carbon capture and storage and enable more widespread adoption of carbon capture and storage by a broader range of emitters.
This funding opportunity “seeks to enhance the confidence of commercial entities in adopting CCUS technologies, broaden the market for electricity generation and industrial emitters, and reduce costs to expand the feasibility of CCUS implementation across facilities,” OCED said.
OCED anticipates that the funding solicitation will be released in late 2024. Potential applicants may wish to register for the informational webinar on October 21, 2024. OCED is also hosting an in-person Industry Day on November 19, 2024 in the Washington, D.C. metro area to facilitate partnerships among eligible applicant teams. Visit the OCED website to learn more about upcoming engagement opportunities related to this NOI.
This forthcoming solicitation builds on OCED's existing carbon capture programs, including the Carbon Capture Demonstration Projects Program, that includes both demonstration projects and Front-End Engineering Design (FEED) studies, as well as the Carbon Capture Large-Scale Pilot Projects Program.
