UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
New Energy World
New Energy World embraces the whole energy industry as it connects and converges to address the decarbonisation challenge. It covers progress being made across the industry, from the dynamics under way to reduce emissions in oil and gas, through improvements to the efficiency of energy conversion and use, to cutting-edge initiatives in renewable and low carbon technologies.
US announces $2.5bn fund for carbon capture technologies
8/3/2023
The US Department of Energy (DOE) has announced $2.52bn in funding for two carbon management programmes in a bid to catalyse investments in new technologies and significantly reduce CO2 emissions from electricity generation and hard-to-abate industrial operations.
Under the Carbon Capture Large-Scale Pilots programme, $820mn will be funded for up to 10 projects focused on de-risking transformational carbon capture technologies. It is hoped this will catalyse follow-on investments for commercial-scale demonstrations on carbon emission sources across the power and industrial sectors in the US.
Under the second initiative, the Carbon Capture Demonstration Projects programme, $1.7bn will be given to approximately six projects to demonstrate commercial-scale carbon capture technologies integrated with CO2 transportation and geologic storage infrastructure. This programme will focus on funding demonstration projects that can be readily replicated and deployed at power plants and major industrial sources of carbon emissions, such as cement, pulp and paper, iron, and steel, according to the DOE.
US Secretary of Energy Jennifer M Granholm, comments: ‘By focusing on some of the most challenging, carbon intensive sectors and heavy industrial processes, today’s investment will ensure America is on a path to reach net zero emissions by 2050 and at the forefront of the global clean energy revolution.’
Modernising the power grid
The DOE has also announced $48mn in funding to support a new programme focused on developing power grid technologies that aim to improve control and protection of the US power grid.
Modernising the grid infrastructure with improved efficiency and resilience against extreme weather events is critical to ensuring that clean energy and transportation options can reach communities across the country, the DOE says.
Addressing these challenges, along with streamlining the coordinated operation of electricity supply and demand will improve the cost efficiency of grid operations and prevent unforeseen outages, which are estimated to cost the US economy $150bn annually.
Managed by DOE’s Advanced Research Projects Agency-Energy, the programme will support the development of faster, more capable power electronics for enhanced resiliency, reliability and control of power flow at all grid interfaces. It will fund projects that will enable utilities to more effectively control grid power flow to avoid disturbances, and quickly isolate and route around disruptions.
