WASHINGTON D.C. — Earlier this week, U.S. Energy Secretary Steven Chu announced that $55 million will be made available to develop advanced technologies to capture carbon dioxide from flue gases at existing power plants.

The funding will support the development of technologies that can remove 90 percent of the CO2 in a flue gas stream at a no more than 35 percent increase in the cost of electricity.

Noting that coal supplies nearly 50 percent of domestic electricity in the U.S., Secretary Chu called for an aggressive global effort to advance carbon capture and sequestration technology to the point where widespread, affordable deployment can begin in 8 to 10 years.

The funding opportunity is seeking applications for bench- and pilot-scale projects in four areas of interest: membranes, solvents, solid sorbents and condensed-phase capture. The solicitation is specifically focused on advanced technologies for post-combustion CO2 capture and purification that can be retrofitted to existing pulverized coal power plants.

Applications for funding opportunity number DE-FOA0000131 are due on Dec. 3 by 8 p.m. Eastern Time.

For more Daily news click here and look under 'Breaking News'