Agency: Department of Energy – Fossil Energy and Carbon Management
Description:
To establish a competitive technology prize competition to award prizes for commercial applications of direct air capture technologies per metric ton of qualified carbon dioxide captured and verified at the point of disposal, injection, or utilization.
Bill Section:
41005
New or Existing:
Existing
Potential Cost:
$100,000,000
Timeline:
FY22
TCS Notes:
DOE will determine the amount of the award per metric ton, which can not be more than $180/ton for carbon dioxide captured and stored in saline storage formations and must be a lesser amount for carbon dioxide captured and stored in conjunction with enhanced oil recovery.