The U.S. Department of Energy (DOE) announced a $54.4 million investment in carbon management technologies to reduce carbon emissions. This funding, part of the DOE's Office of Fossil Energy and Carbon Management (FECM), aims to advance technologies that can capture carbon dioxide (CO2) from industrial processes and power generation sources, as well as directly from the atmosphere. The captured CO2 can be stored underground or converted into valuable products like fuels and chemicals, contributing to the fight against climate change. The investment aligns with President Biden's Climate Agenda and the country's goal of achieving net-zero emissions by 2050. The funding supports various areas, including reactive carbon capture for conversion to products, engineering-scale testing for NGCC power plants, portable carbon capture systems for industrial plants, and studies for hydrogen production and CO2 transport infrastructure development. The DOE also introduced the American-Made Commercial Direct Air Capture Pilot Prize, with up to $52.5 million in cash prizes, to accelerate direct air capture projects ready for commercial application. Eligible entities include profit and non-profit organizations, government bodies, and academic institutions. The DOE's initiatives aim to drive innovation, create jobs, attract private sector investment, and benefit communities hosting clean energy projects. The projects must consider societal impacts, focusing on diversity, equity, inclusion, and accessibility. Additionally, the DOE offers grants, loans, and financing programs to support startups and governments in achieving their energy goals.