U.S. Secretary of Energy Rick Perry has announced roughly $36 million of federally-funded financial services to go toward carbon capture technologies.
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“Carbon capture technologies are one of the most effective ways we can continue to leverage the sustainability of our Nation’s fossil fuel resources while advancing environmental stewardship,” said Secretary Rick Perry. “This funding opportunity will provide for further innovation on methods for capturing carbon emissions for storage and other utilization efforts, as well as underscore this Administration’s commitment to both environmental and economic security.”
The Department of Energy’s (DOE’s) Office of Fossil Energy, and the Design and Testing of Advanced Carbon Capture Technologies all will support these projects, which will fall under two areas of interest: The first will focus on scaling up carbon capture technologies; The second will focus on initial engineering, testing and design for a large CO2 capture system.
The DOE claimed it is exploring transformational, low-cost technology solutions in order to bring down energy and capital costs.
Unfortunately, the DOE hopes that the solutions will enable competitive operation of fossil-based power generation infrastructure in a low-carbon future, rather than focusing on clean energy.