US Department of Energy to invests $100 million in CO2 removal industry

The US Department of Energy’s Office of Fossil Energy and Carbon Management announced a $100 million investment to help develop a commercially viable carbon dioxide removal industry in the United States. 

This funding will support the construction of pilot projects and testing facilities for carbon dioxide removal technologies. These technologies aim to remove CO₂ directly from the atmosphere and store it in geological, biobased, and ocean reservoirs or convert it into value-added products. The funding hopes to accelerate the commercialization and deployment of carbon dioxide removal technologies, helping the US reach its net-zero emission goal.