Published May 17, 2023 by Brina Morales
The U.S. Department of Energy announced $242 million in funding for nine projects, including four led by Houston-based companies, supporting the development of new and expanded large-scale, commercial carbon capture projects.
The funding comes from the Bipartisan Infrastructure Law, which includes investing in clean energy infrastructure programs. The projects selected will expand carbon dioxide (CO2) storage infrastructure to help significantly and responsibly reduce CO2 emissions from power generation and industrial operations. Below are the four Houston companies selected for their projects:
The projects fall under phase III of the DOE’s Fossil Energy and Carbon Management’s Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative. The initiative began in 2016 with the goal of addressing the key gaps on the critical path toward Carbon Capture and Storage (CCS) deployment. The companies that submitted project proposals were required to submit Community Benefits Plans detailing how the project will advance quality jobs, environmental justice, and community partnership throughout the project development.
“Thanks to historic clean energy investments, DOE is building out the infrastructure needed to slash harmful carbon pollution from industry and the power sector, revitalize local economies, and unlock enormous public health benefits,” said U.S. Secretary of Energy Jennifer M. Granholm.
The four Houston-led projects demonstrate the region’s commitment to leading the world to an energy-abundant, low-carbon future. bp is one of the more than 20 member companies of the Houston Energy Transition Initiative’s Steering Committee, which strengthens Houston’s position to accelerate global solutions for an energy-abundant, low-carbon future.
Carbon Capture Use and Storage is one of six sector-specific working groups that HETI has established to advance areas where Houston has a distinct competitive advantage.
Learn more about the Houston Energy Transition Initiative.
The Future of Global Energy conference concludes with a gathering of experts and thought leaders, exploring the roadmap for Houston to lead the transition to an energy-abundant, low-carbon future. Since the…