trending Market Intelligence /marketintelligence/en/news-insights/trending/r69ujj_2bm0-my7eizrbha2 content esgSubNav
In This List

DOE announces $44M in funding for carbon capture technology

Blog

Despite turmoil, project finance remains keen on offshore wind

Case Study

An Energy Company Assesses Datacenter Demand for Renewable Energy

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024


DOE announces $44M in funding for carbon capture technology

The U.S. Department of Energy announced $44 million in funding for cost-shared research and development for advanced carbon capture technology projects.

The agency said in a Feb. 16 press release that the money will go to seven projects divided into two sections, one involving engineering-scale testing of solvent-based or membrane-based technology and another focused on designing a commercial-scale, post-combustion carbon capture system at an existing coal-fired generator.

Selected solvent or membrane projects include $10 million funding to RTI International for solvent-based technology development; about $8.3 million in funding for SRI International, which will demonstrate a mixed-salt process at engineering scale using infrastructure at Norway's Technology Centre Mongstad; $8 million to Tda Research Inc., which will design, build and operate a 1 MW carbon capture system involving membrane use; and about $7.4 million for Membrane Technology and Research, Inc. to scale up membranes and modules for commercial use and to validate their potential at the Mongstad facility.

Funding in the other area of interest includes $6 million for the University of North Dakota to design a post-combustion carbon capture system at the Milton R. Young station owned by Minnkota Power Coop Inc, about $2.8 million for ION Engineering LLC to provide a detailed design and cost estimate for a retrofitted 300 MW-equivalent carbon capture facility at Nebraska Power District's Gerald Gentleman Station Unit 2, and about $1.6 million for the Electric Power Research Institute Inc. to produce an engineering design and cost estimate of a membrane-based carbon capture system on Duke Energy Corp.'s East Bend facility in Kentucky.

The department also recently announced $6.5 million in funding for nine coal technology research and development projects seeking to improve efficiency and lower environmental impacts.