WASHINGTON, D.C. — The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced it will make up to $54.4 million in additional funding available to advance diverse carbon management approaches that reduce carbon dioxide (CO2) pollution. The funding will support the development of technologies that capture CO2 from industrial and power generation sources or directly from the atmosphere and transport it either for permanent geologic storage or conversion into valuable products such as fuels and chemicals. The development of these technologies is crucial to advance the nation’s efforts to address climate change and achieve the Biden-Harris Administration’s goal of net-zero emissions economy-wide by 2050.
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