In 2024, the U.S. Department of Energy made the single LARGEST investment in industrial decarbonization in American history. Here are our top funding announcements under the Biden-Harris Administration to support industrial innovation ↓
🏭$6 Billion to Transform America’s Industrial Sector
- 33 projects across 20 states will focus on the highest emitting industries where decarbonization technologies will have the greatest impact, including aluminum, cement and concrete, chemicals and refining, steel, and more.
- Nearly 80% of the projects are located in a disadvantaged community, as defined by President Biden’s Justice40 Initiative, offering a significant opportunity to invest in good jobs and clean air in communities that have experienced years of divestment.
💨 $518 Million for Commercial Large-Scale Carbon Storage Infrastructure
- 23 projects across 19 states that will help reduce CO2 emissions from industrial operations, power plants, and legacy emissions in the atmosphere. The funding will hep ensure that carbon storage projects are designed, built, and operated safely and responsibly across all phases of development.
📉 $850 Million to Reduce Methane Pollution from the Oil & Gas Sector
- Along with the US Environmental Protection Agency (EPA) we announced approximately $850M to help small oil and gas operators, Tribes, and other entities across the country to reduce, monitor, measure, and quantify methane emissions from the oil and gas sector.
These aren’t just dollars out the door. Each investment has laid the groundwork for America’s clean energy future and to tangibly cut greenhouse gas emissions.
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