October 5, 2009

Billion dollar funding for carbon capture

Wow! There really seems to be plenty of stimulus money floating around when it comes green/clean technology development funding.

This time, the US Department of Energy (DoE) is awarding $1.4 billion for 12 carbon capture and storage (CCS) projects. The first funding phase will involve a total investment of $44.1m (from both the stimulus funds and private funds), and the remaining stimulus grant will be awarded to those who can prove their technology works.

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