Today, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced its intent to fund cost-shared research and development to accelerate the wide-scale deployment of carbon capture and storage (CCS) and carbon dioxide removal (CDR)—critical components to achieve the Biden-Harris Administration’s goal of net-zero carbon emissions by 2050. The potential projects will be selected under the DOE’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative, which focuses on developing geologic storage sites with capacities to store at least 50 million metric tons of carbon dioxide (CO2). Projects will be managed by FECM’s National Energy Technology Laboratory (NETL).
Read More! | Source: NETL Website