Agency: Department of Energy – Fossil Energy and Carbon Management
Description:
The Carbon Storage Validation and Testing program funds the feasibility, site characterization, permitting, and construction of new or expanded commercial large-scale carbon storage projects and associated carbon dioxide transport infrastructure through Phase II, III, III.5, and IV of the Carbon Storage Assurance Facility Enterprise (CarbonSAFE) Initiative.
Eligible applicants include individuals, higher education institutions, for- and non-profit organizations, state and local governments, and tribal nations.
Bill Section:
40305
Potential Cost:
$2,500,000,000
Timeline:
FY2022-2026
Implementation Status/Rulemaking:
On September 21, 2022, DOE announced the availability of $2.25 billion FY2022-2026 for CarbonSAFE Phase III, III.5, and IV : Source
In May 2023, DOE announced $242 million in funding for 9 projects in Round 1: Source
In May 2023, DOE made IIJA Section 40305 funding available for CarbonSAFE Phase II: Source
In November 2023, DOE announced $444 million in funding for 16 projects in Round 2: Source