The Biden-Harris administration has announced $444m in project grants to support carbon capture projects.
The funding will support conducting feasibility studies for nine projects and facilitating permitting and site characterization in a further seven.
Each project will capture and store, at a minimum, 50 million metric tonnes of carbon dioxide over the next 30 years.
The Department of Energy’s National Energy Technology Laboratory will manage the projects.
The administration added that the “large-scale, responsible deployment of carbon management technologies is crucial to meeting the administration’s ambitious climate goal of achieving a Net Zero emissions economy by 2050”.
More information on the projects can be found by clicking here.
The United Kingdom is blazing a trail in the carbon capture industry, using P3-type models to drive investment into the sector. To read more about the future role of P3 in the energy transition, click here.