Today, the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced $8 million in federal funding for four projects to develop and test technologies that capture and utilize carbon dioxide (CO2) from power systems or other industrial sources to create valuable products and services, biomass and bi-products. Using algae, the selected projects will develop conversion technologies to decrease emissions, helping to reach the Biden-Harris Administration’s goal of net zero emissions by 2050.
“Capturing and utilizing CO2 from sources across power and industrial sectors is critical to fighting climate change — and to creating new jobs and opportunities in hard hit communities across the country,” said Dr. Jennifer Wilcox, Acting Assistant Secretary for Fossil Energy and Carbon Management. “These projects represent an important step in those efforts.”
“Researchers and companies in San Diego have shown algae has the potential to change the way we produce fuel, manufacture products, and more. This funding awarded to Global Algae Innovations will advance their crucial efforts to develop and deploy technology that enables economical, sustainable production of algae products," said U.S. Representative Scott Peters. "We must continue to invest in these kinds of innovative projects so that we can take advantage of the many benefits algae has to offer, including to combat the climate crisis."
“Congratulations to the University of Illinois on receiving this nearly $2 million federal investment through the Department of Energy,” said U.S. Representative Rodney Davis. “This grant will fund research to make algae-based carbon capture more cost effective.”
FECM and the National Energy Technology Laboratory (NETL) will manage the following four projects:
These projects will support the goals of FECM’s Carbon Utilization Program to lower the near-term cost of carbon capture through the creation of value-added products from the conversion of carbon dioxide.
FECM funds research and development (R&D) projects to reduce the cost of and decarbonize power generation and industrial sources, and to remove CO2 from the atmosphere to further the sustainable use of the nation’s energy resources. To learn more, visit the FECM website, sign up for FECM news announcements, and visit the NETL website.