(Washington, D.C.) – The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced the third opening of a five-year $2.25 billion funding opportunity through the Investing in America agenda to support the transport and permanent storage of carbon dioxide (CO2) captured from industrial and power generation facilities, as well as from legacy CO2 emissions removed directly from the atmosphere.
Projects selected under the Bipartisan Infrastructure Law’s Storage Validation and Testing program will develop new and expanded carbon storage projects through FECM’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative, each with the capacity to store 50 or more million metric tons of CO2 over a 30-year period.
