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Three funding opportunity announcements and a finance program provide significant investments to support carbon capture and sequestration. Demand for…

Three funding opportunity announcements and a finance program provide significant investments to support carbon capture and sequestration. Demand for carbon capture and...

The U.S. Department of Energy announced two new programs last month that are funded by the $1.2 trillion Infrastructure Investment and Jobs Act: $7 billion to create regional ‘hydrogen hubs’ and $4.9 billion to ‘manage and store carbon pollution.’

WASHINGTON, D.C.—  The U.S. Department of Energy (DOE) today announced a nearly $4.9 billion set of funding opportunities to bolster investments in the carbon management industry and to significantly reduce carbon dioxide (CO2) emissions released into the atmosphere through power generation and industrial operations. The funding from President Biden’s Bipartisan Infrastructure Law will support three programs to help drive the demonstration and deployment of carbon capture systems, along with carbon transport and storage infrastructure.