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DOE Plans $1.3 Billion CCS Investment Under Restructured FutureGen

futuregen.jpgThe U.S. Department of Energy has issued a Funding Opportunity Announcement to invest in multiple commercial-scale Integrated Gasification Combined Cycle or other clean coal power plants with cutting-edge carbon capture and storage technology under the Department’s restructured FutureGen program.

The solicitation is seeking multiple cost-shared projects to advance coal-based power generation technologies that capture and store the greenhouse gas carbon dioxide. The Department anticipates $290 million will be available for funding of selected projects through fiscal year 2009 and an additional $1.01 billion is expected to be available in subsequent years, subject to appropriations by Congress.

Applications are due October 8, 2008 and the selection of projects is targeted for the end of calendar year 2008.

In January, the DOE pulled support of a $1.8 billion FutureGen project.

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