Biden Administration Invests Over $444 Million in Carbon Storage Infrastructure

The U.S. Department of Energy (DOE) has announced $444 million in funding for sixteen projects across twelve states to support the nation’s carbon management industry and fight climate change. These projects will expand carbon dioxide storage infrastructure, helping to reduce CO2 emissions from industrial operations, power plants, and legacy emissions. The goal is to achieve a net-zero emissions economy by 2050. The selected projects will focus on feasibility studies, site characterization, planning, permitting, and development of large-scale carbon storage facilities. The DOE is committed to ensuring the safe and responsible operation of carbon management projects while considering the needs of local communities and advancing environmental justice and equity. The investments in carbon storage technologies aim to drive economic development, technological innovation, and the creation of high-wage jobs in the clean energy and industrial sectors.



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