In December 2009, the U.S. Department of Energy announced the selection of three new projects with a value of $3.18 billion to accelerate the development of advanced coal technologies with carbon capture and storage at commercial-scale. These projects will help to enable commercial deployment to ensure the United States has clean, reliable, and affordable electricity and power. An investment of up to $979 million, including funds from the American Recovery and Reinvestment Act, will be leveraged by more than $2.2 billion in private capital cost share as part of the third round of the Department’s Clean Coal Power Initiative (CCPI).
The selections demonstrate technologies that:
make progress toward a target CO2 capture efficiency of 90%;
make progress toward a capture and sequestration goal of less than 10% increase in the cost of electricity for gasification systems and less than 35% for combustion and oxycombustion systems; and
capture and sequester or put to beneficial use an amount of CO2 emissions in excess of the minimum of 300,000 tons per year required by CCPI.
DOE - Fossil Energy: Clean Coal Power Initiative Recovery Act Projects