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The U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management (FECM) announced over $31 million in funding for 10 projects dedicated to the development of carbon capture technologies in a release published Friday.
It's believed that the technologies could capture approximately 95% of carbon dioxide emissions generated by natural gas power plants, waste-to-energy power plants and industrial applications. The release stated that the funded projects are crucial to the Biden-Harris administration's goal of having a carbon pollution-free power sector by 2035, as well as a net-zero greenhouse gas economy by 2050.
“Carbon capture technology plays an enormously important role in helping to achieve the deep carbon reductions we need as our energy and industrial sectors transition to net-zero emissions,” FECM Assistant Secretary Brad Crabtree said. “Today’s investment will support the technological advancement and cost reductions required for widescale deployment.”
The projects will be overseen by the DOE's National Energy Technology Laboratory, and will develop and test carbon capture materials, equipment and processes for use in natural gas combined cycle, waste-to-energy power generation and the industrial sector. Additional projects will fund studies focused on the potential integration of industrial plants and NGCC power plants with carbon capture systems.
This most recent round of funding, alongside projects announced in October, bring FECM's investment total to $76 million dispersed among 22 projects related to the decarbonization of existing infrastructure. This is done through the entire process, from the research stage to the deployment stage.
The goal of the FECM is to decarbonize power generation and industrial production, as well as to remove carbon dioxide from the atmosphere and lessen and manage the environmental damage done by fossil fuel production and usage. Areas of top priority include carbon capture, carbon conversion, carbon dioxide removal, transport and storage, hydrogen production with carbon management, methane emission reduction and critical minerals production.