U.S. Energy Department Reopens $2.25 Billion Funding Program to Foster Carbon Capture Technology

The U.S. Department of Energy (DOE) has announced a $2.25 billion funding opportunity to support carbon capture, utilization, and storage and carbon dioxide removal to reach climate goals. This marks the third opening of the Carbon Storage Validation and Testing program to support the transport and storage of carbon dioxide captured from industrial and power generation facilities, as well as legacy CO2 emissions removed directly from the atmosphere. The initiative supports the Biden administration’s goal is to achieve a net-zero emissions economy by 2050.

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