The US Department of Energy will award about $6.7 million to cost-shared projects that convert captured carbon from coal-fired power plants into useful products such as fuel, cement or plastics.
The federal funding, awarded through the DOE’s Office of Fossil Energy, is part of the Carbon Storage program, which aims to advance carbon capture and storage technologies and reduce the cost of implementation so they can be commercially deployed by 2025-2035.
Carbon capture technologies are expected to help countries achieve emissions goals outlined in the Paris climate agreement and US states meet the carbon reduction targets outlined in the Clean Power Plan. But there are hurdles to making this technology widely available. A major one is the cost associated with the massive amounts of energy required to capture and store CO2 — the cost of electricity can increase by up to 80 percent when applying commercial capture technologies to coal-fired power plant, according to the IEA Clean Coal Center.
Projects seeking funding must develop CO2-utilization technologies that produce useful products at lower cost than currently available technologies, without generating additional greenhouse gas emissions. These include three types of projects:
In June, the DOE said it will provide $68.4 million for cost-shared research and development projects that focus on commercial-scale (50+ million metric tons) carbon capture and storage complexes.