DOE Invests $23 Million in 16 Carbon Management Projects Across 14 States

The following statement may be attributed to Madelyn Morrison, Government Affairs Manager of the Carbon Capture Coalition:     

“The U.S. Department of Energy (DOE) announced more than $23 million in federal investments to aid project developers and host communities in accelerating the deployment of carbon management projects to safely and permanently store captured carbon dioxide (CO₂) emissions from industrial and power facilities. Geologic storage of captured CO₂ is an essential climate mitigation strategy that must be deployed alongside other low- and zero-emissions strategies. These investments will connect project developers with local community stakeholders and provide technical assistance to help foster the critical collaboration necessary for the responsible development and deployment of carbon management technologies at industrial and power facilities across the U.S. economy.

“Following the enactment of the Bipartisan Infrastructure Law, in tandem with essential enhancements to the federal Section 45Q tax credit last Congress, there has been a significant increase in the announcement of carbon management projects, and more specifically projects intending to store their captured CO₂ in secure geologic formations. Large-scale geologic storage of CO₂ is well understood and there is abundant capacity to safely and permanently store billions of tons of carbon dioxide emissions deep underground in well-regulated geologic formations across the United States. Today’s announcement marks an important step to ensure project developers and the communities and local stakeholders hosting these projects have the resources and support necessary to facilitate the regional buildout of safe and permanent CO₂ geologic storage facilities.

“As more projects come online in the wake of the enactment of a comprehensive federal policy framework for carbon management technologies, this funding along with recently announced and still anticipated federal dollars, will be crucial to ensure the U.S. can meet its greenhouse gas reduction goals and provide tangible health benefits for local communities while supporting high-wage, family sustaining jobs in key domestic industries.”  

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Convened by the Great Plains Institute, the Carbon Capture Coalition is a nonpartisan collaboration of more than 100 companies, unions, conservation and environmental policy organizations, building federal policy support to enable economywide, commercial scale deployment of carbon management technologies. This includes carbon capture, removal, transport, utilization, and storage from industrial facilities, power plants, and ambient air.