http://www.energyefficiencynews.com <p>The US <a rel="external" href="http://www.doe.gov">Department of Energy (DOE)</a> has announced the latest round of funding as part of its <a rel="external" href="http://www.fossil.energy.gov/">Clean Coal Power Initiative (CCPI)</a>, launched back in 2002.</p> <p>The initiative is looking to fund industry teams demonstrate, at the commercial scale, new technologies that can capture CO₂ emissions from coal-fired power plants and either sequester it or put it to use.</p> <p>The carbon capture technologies must operate at 90% and must be able to capture and store (or use) at least 300,000 tons of CO₂ annually.</p> <p>Only projects that can show progress toward carbon capture and storage (CCS) while adding less than 10% to electricity costs will be considered.</p> <p>This third round of funding it likely to be able to provide up to $340 million to the successful projects, which will be selected and start work in 2009. Recipients will have to provide at least 50% of the project costs.</p> <p>For further information:<br /> <a rel="external" href="http://www.energy.gov/news/6474.htm">www.energy.gov/news/6474.htm</a><br /> <a rel="external" href="http://www.fossil.energy.gov/">www.fossil.energy.gov/</a></p> http://www.energyefficiencynews.com/i/1087/ 2008-08-15T00:00:00-00:00 Fossil fuels, carbon capture and storage, CCS, Department of Energy, DOE