After distributing $4 billion of energy project credits in the first round, the DOE is back with more money for
Greenbiz 5:37 pm on May 15, 2024
The U.S. Department of Energy (DOE) has unveiled a second opportunity for $6 billion in carbon capture and storage (CCS) funding, with over 100 projects from the first round distributed in 35 states. The Qualifying Advanced Energy Project Credit Program (48C) offers tax credits to industrial facilities reducing emissions by at least 20%. Recipients must confirm permits and commence operations within two years of funding allocation, with concept papers due on May 28 through the ECO Portal.
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