The U.S. Department of Energy's Office of Fossil Energy and Carbon Management announced an additional $54.4 million in funding to advance carbon management technologies aimed at reducing carbon dioxide pollution. The funding will specifically support the development of technologies that capture CO2 from industrial and power generation sources or directly from the atmosphere, with the purpose of either storing it in geological formations or converting it into valuable products such as fuels and chemicals. This initiative is crucial in helping the nation address climate change and work towards achieving a net-zero emissions economy-wide by 2050 as outlined by the Biden-Harris Administration. The funding opportunity includes various areas of interest such as reactive carbon capture approaches, engineering-scale testing of carbon capture technologies for power plants, portable systems at industrial plants, and studies for carbon capture systems at hydrogen production facilities. Additionally, there is a focus on enhancing CO2 transport infrastructure to develop viable transportation networks for CO2 transfer. Applicants for this funding are required to consider societal impacts and must emphasize diversity, equity, inclusion, and accessibility throughout their research and development process. The goal is to ensure that the benefits of successful technology innovations are equitably accessible and distributed across communities. The application deadline for this opportunity is October 14, 2024, at 8:00 PM ET. The FECM's mission is to reduce the environmental and climate impacts of fossil fuels and industrial processes while working towards achieving net-zero emissions across the U.S. economy. Their priority technology areas include carbon capture, conversion, CO2 removal, transport and storage, hydrogen production, methane emissions reduction, and critical minerals production. For more information, interested parties can visit the FECM website, sign up for news announcements, and explore the National Energy Technology Laboratory's website.