DOE provides grants for carbon capture

AP News
Posted: Dec 04, 2009 4:05 PM

The Energy Department is awarding grants totaling nearly $1 billion to speed up the development of commercial-scale projects to capture carbon dioxide at three coal-burning power plants.

The department said Friday that the money from the economic recovery program will generate $2.2 billion in private capital for the programs.

The grants include $334 million to Ohio-based American Electric Power for carbon capture at its coal plant near New Haven, W.Va.; $295 million to Atlanta-based Southern Co., for a coal plant near Mobile, Ala.; and $350 million to Summit Texas Clean Energy, for a plant to be built with carbon capture near Odessa, Texas.

The Obama administration wants 10 commercial-scale carbon capture projects built by 2016.