On May 17, 2023, the U.S. Department of Energy (DOE) announced the re-opening of the $2.25 billion in funding toward the development of new and expanded large-scale, commercial carbon storage projects with capacities to store 50 or more million metric tons of CO2, along with associated CO2 transport infrastructure. The funding opportunity has been modified to accept applications under a broader scope, including storage complex feasibility in addition to the site characterization, permitting, and construction stages of project development. It also expands the definition of large-scale storage to allow for additional storage options.

Projects selected for funding under these opportunities must carefully address the societal considerations and impacts of their proposed projects, emphasizing active engagement with communities. Applicants must explain how projects are expected to deliver economic and environmental benefits and mitigate impacts; conduct community and stakeholder engagement; incorporate diversity, equity, inclusion, and accessibility; and promote workforce development and quality jobs. The selected projects are required to develop and implement strategies to ensure strong community and worker benefits, and report on such activities and outcomes.

This funding is provided from the Bipartisan Infrastructure Law Section 40305.