DOE Re-opens Funding Opportunity to Expand National Carbon Dioxide Storage Infrastructure

Large-scale deployment of carbon management technologies provides new economic opportunities to local communities across the country, and it is crucial to achieving the Administration’s ambitious climate goal of a net-zero emissions economy by 2050.

Projects selected under the Bipartisan Infrastructure Law’s Storage Validation and Testing program will develop new and expanded carbon storage projects through FECM’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative, each with the capacity to store 50 or more million metric tons of CO₂ over a 30-year period.

Multiple openings of this funding opportunity allow for the continuous development of commercial-scale carbon storage infrastructure, with projects focusing on feasibility determination, detailed site characterization, planning, permitting, and construction stages of project development. 

The next application deadline is February 20, 2024 at 5:00 p.m. ET. 

Societal Considerations and Impacts

 Applicants must explain how projects are expected to deliver economic and environmental benefits and mitigate impacts; conduct community and stakeholder engagement; incorporate diversity, equity, inclusion, and accessibility; and promote workforce development and quality jobs. The selected projects are required to develop and implement strategies to ensure strong community and worker benefits, and report on such activities and outcomes.  

DOE’s Advancement of Carbon Transport and Storage Technologies

Since January 2021, FECM has announced investments of more than $841 million in projects that advance the research, development, and deployment of carbon transport and storage technologies and infrastructure. This includes a total of $686 million for 25 storage projects selected in May 2023 and November 2023 under the first and second closings of the Bipartisan Infrastructure Law Storage Validation and Testing funding opportunity. This progress is essential to help drive economic development, technological innovation, and high-wage jobs as we build a clean energy and industrial economy.