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The U.S Department of Energy is earmarking $254 million for industrial businesses to cut greenhouse gas emissions and expedite the development of innovative carbon technologies, according to a Jan. 25 news release.
The agency will distribute $171 million among 49 projects to expedite industrial greenhouse gas emissions reductions and speed up the development of innovative decarbonization technologies. The DOE also announced that applications are open for a total of $83 million to reduce emissions from “hard-to-decarbonize industrial sectors,” which account for roughly 30% of total U.S. carbon emissions.
The funding intends to advance the DOE’s objectives of accelerating breakthroughs in more reliable clean energy solutions within the decade and encourage an influx of cost-effective industrial heat decarbonization technologies, the release says. It notes that the aim is to develop technologies that target a minimum 85% cut in greenhouse gas emissions by 2035.
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