DOE awards $518M for CO2 storage projects

By Mika Travis, Mike Soraghan | 10/23/2024 06:27 AM EDT

The administration also announced $196 million to fix gas pipelines.

The Department of Energy headquarters sign is seen in Washington.

The Department of Energy headquarters in Washington. Francis Chung/POLITICO

The Department of Energy announced $518 million Monday to develop infrastructure for carbon storage projects.

Twenty-three projects across 19 states were selected to support DOE’s CarbonSAFE Initiative, which focuses on addressing gaps for carbon capture and storage (CCS) deployment. CCS projects capture carbon dioxide emitted from industrial processes or power generation and then store the emissions in underground geological formations or oil fields.

The funding “will help ensure that carbon storage projects — crucial to slashing harmful carbon pollution —are designed, built, and operated safely and responsibly across all phases of development, to deliver healthier communities as well as high-quality American jobs,” said Brad Crabtree, assistant secretary of DOE’s fossil office, in a statement.

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The selected projects, backed by the 2021 bipartisan infrastructure law, are under negotiation and must go through environmental review. The largest award — more than $67 million — is slated for Carbon America to conduct drilling tests in Georgia to assess the viability of CO2 storage sites.

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