DOE BIL Carbon Storage Validation and Testing (3rd Opening): 4 Topic Areas; $2.25B in Funding Available – Due 02/20

Opportunity Title:

BIL: Carbon Storage Validation and Testing (3rd Opening)

Funder/Agency:

DOE Carbon Management

Opportunity Number:

DE-FOA-0002711

Description:

Department of Energy (DOE) announced the third opening of a five-year $2.25 billion funding opportunity available through President Biden’s Investing in America agenda to support the transport and permanent storage of carbon dioxide captured from industrial and power generation facilities, as well as from legacy carbon dioxide emissions removed directly from the atmosphere.

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.

This funding opportunity announcement has four areas of interest:

1. CarbonSAFE Phase III: Site Characterization and Permitting

2. CarbonSAFE Phase III.5: NEPA, FEED Studies, and Storage Field Development Plan Only

3. CarbonSAFE Phase IV: Construction

4. CarbonSAFE Phase II: Storage Complex Feasibility

Eligibility:

Eligible applicants include individuals, institutions of higher education, for- and non-profit organizations, state and local governments, and tribal nations.

Award Details:

Total Amount Available:

$2,250,000,000

Maximum Award:

Area of Interest 1: $110,500,000

Area of Interest 2: $4,550,000

Area of Interest 3: $195,000,000

Area of Interest 4: $9,000,000

Minimum Award:

Area of Interest 1: $15,000,000

Area of Interest 2: $100,000

Area of Interest 3: $300,000,000

Area of Interest 4: N/A

Deadline:

February 20, 2024

Opportunity Link

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