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DOE to Distribute $430M for Clean Coal Power Initiative

The US DOE today released the last Funding Opportunity Announcement for Round Three of a major carbon capture and sequestration project. The Clean Coal Power Initiative (CCPI) is an effort to promote commercialization of technologies, which will enable clean acquisition of coal-fired energy. The DOE may disburse as much as $430 million to selected participants, where the recipients will have to provide at least 50% of the amount themselves. The objective of the project is to demonstrate commercial viability of sequestering or beneficially utilizing CO2 emissions generated by cola-fired plants.

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