December 25th, 2024

OCED Announces $1.3B in New Funding to Bolster CCUS Technologies

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By U.S. Department of Energy

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The U.S. Department of Energy Office of Clean Energy Demonstrations (OCED) opened applications for up to $1.3 billion in funding to catalyze investments in transformative carbon capture, utilization, and storage (CCUS) technologies.

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Summit Carbon Solutions announced on Dec. 12 that it has received three Class VI sequestration permits from the North Dakota Industrial Commission (NDIC), marking a critical step forward in the Midwest Carbon Express project.

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The funding opportunity will provide future growth grants under DOE’s Carbon Dioxide Transportation Infrastructure Finance and Innovation program

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Deep Sky announced that it has secured a USD $40 million grant commitment from Breakthrough Energy Catalyst which will be allocated to the construction of Deep Sky Alpha and its associated research and testing of direct air capture (DAC) technologies.

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The U.S. Department of Energy Office of Clean Energy Demonstrations (OCED) opened applications for up to $1.8 billion in funding for the design, construction, and operation of commercial direct air capture (DAC) facilities and infrastructure.

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The Carbon Removers announced a landmark agreement to permanently sequester 50,000 tons of CO₂ per year in a depleted oil field, 1,800 meters beneath the North Sea seabed.

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