This article was published by the US Department of Energy on July 24, 2023.
WASHINGTON, D.C. — The U.S. Department of Energy (DOE) announced last month that it is making $100 million available through President Biden’s Investing in America agenda to support states, local governments, and public utilities in purchasing products derived from converted carbon emissions.
The goal is to speed up adoption of advanced carbon management technologies, creating a market for environmentally sustainable alternatives in fuels, chemicals, and building products sourced from captured emissions from industrial and power generation facilities. This effort aligns with the Biden-Harris Administration’s historic climate and clean energy agenda.
“President Biden’s Investing in America agenda is helping transform harmful pollutants into beneficial products,” said U.S. Secretary of Energy Jennifer M. Granholm. “The funding announced today will scale up carbon management technology, lowering costs, and increasing access to clean energy. State and local grants, made possible through the Bipartisan Infrastructure Law, will help demonstrate the economic viability of innovative technologies, resulting in huge net reductions in lifecycle greenhouse gas emissions, while bringing new, good-paying jobs and cleaner air to communities nationwide.”
States, local governments, and public utilities purchase large quantities of products, therefore providing an incentive to purchase products made from carbon emissions is an important method to drive emissions reductions. This program will help to promote and deploy more sustainable product alternatives that reduce net carbon emissions and lessen environmental and health risks related to global warming.
Funded by the Bipartisan Infrastructure Law and managed through DOE’s Office of Fossil Energy and Carbon Management (FECM), the Carbon Utilization Procurement Grants program will help offset 50 per cent of the costs to states, local governments, and public utilities or agencies to procure and use products developed through the conversion of captured carbon dioxide and carbon monoxide emissions. The commercial or industrial products to be procured and used under these grants must demonstrate a significant net reduction in greenhouse gas emissions compared to incumbent products via a life cycle analysis (LCA). The LCAs are checked for conformance and approved by DOE’s National Energy Technology Laboratory (NETL). Vendors may submit LCA data on the greenhouse gas emissions reductions of their carbon conversion products via NETL’s Utilization Procurement Grants website.
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