Energy Efficiency, GHG Emissions, Industrial - March 10, 2023
DOE Provides $6 Billion To Reduce Industrial Emissions
The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced approximately $6 billion in funding to accelerate decarbonization projects in energy-intensive industries.
Funded by President Biden's Bipartisan Infrastructure Law and Inflation Reduction Act, the Industrial Demonstrations Program will focus on the highest emitting industries where decarbonization technologies will have the greatest impact, such as iron and steel, aluminum, cement and concrete, and other energy-intensive industrial processes.
Widespread deployment of decarbonization projects within these industries is key to achieving the goal of a net-zero economy by 2050.
"Today's announcement is yet another exciting step in the race to fully decarbonize our heavy industries, and will help drastically reduce harmful pollution while ensuring America's manufacturing sector is strong and competitive," said U.S. Secretary of Energy Jennifer M. Granholm in a statement.
The Office of Clean Energy Demonstrations (OCED), in collaboration with the Office of Manufacturing and Energy Supply Chains (MESC) and the Industrial Efficiency and Decarbonization Office (IEDO), manages this program and will provide up to 50% of the cost of each project.
The DOE seeks first-of-a-kind or early-stage commercial-scale projects and expects to award projects from the highest emitting industries involving cross-cutting technologies that have the greatest potential, directly or indirectly, to achieve significant decarbonization domestically and globally.
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