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📣 The DoE just released a Funding Opportunity Announcement (#FOA) looking to award up to $10m to 20 durable carbon dioxide removal (#CDR) projects over the next 12 months!
📈 This FOA is part of the Carbon Negative Shot (#CNS), an all-hands-on-deck call for innovation in CDR pathways that will capture CO2 from the atmosphere and store it at gigaton scale for less than $100/net metric ton of carbon dioxide-equivalent.
Three eligible areas of interest:
🌱 Small Biomass Carbon Removal and Storage (BiCRS) Pilots: up to $7m for up to 5 projects
🪨 Small Mineralization Pilots: up to $4m for up to 10 projects
🌍 Multi-Pathways CDR Testbed Facilities: up to $5m for up to 5 projects
📅 Key dates:
--> Submissions due: April 16th 2024
--> Selection notification: August 2024
--> Award given: January 2025
😍 Very exciting times ahead! Incredible to see the amount of funding and momentum coming out of the DoE’s Department Fossil Energy and Carbon Management (hashtag#FECM). This is exactly the type of market signal the industry needs and will be wind in the sails of the flourishing CDR ecosystem in the U.S.
🔗 More details in here (download the pdf “DE-FOA-0003082” on the right): https://lnkd.in/d3tk8vvu
Stay up to date with the latest news and funding opportunities by signing up on the DOE website for email updates: https://lnkd.in/dSjMKEhr