$6B invested by Energy Dept to cut industrial emissions

On Mar 25, 2024

TL/DR –

The US Department of Energy (DOE) plans to invest up to $6 billion to lower emissions from industrial manufacturing. The funds will be allocated to 33 projects across over 20 states and are expected to decrease carbon emissions by an average of 77%. The projects, which include sectors such as metal, cement, and chemicals, will focus on energy efficiency, electrification, alternative fuels, and clean hydrogen.

The Department of Energy (DOE) declared its investment of approximately $6 billion towards the reduction of emissions in industrial manufacturing. The investment, which is a part of the largest-ever industrial decarbonization effort in the US, targets industries such as metal, cement, and chemicals – the most prominent greenhouse gas emitters. The plan is to expedite the deployment of new processes.

Key Takeaways

$6 billion investment by the DOE to decrease emissions from industrial manufacturing.

Funding is aimed at major greenhouse gas generating sectors such as metal, cement, and chemical industries.

Industry accounts for a third of the nation’s greenhouse gas emissions as per DOE.

The funding will be spent on 33 projects in more than 20 states.

“This investment in key decarbonization technologies will keep America as the most competitive nation,” expressed U.S. Secretary of Energy Jennifer Granholm. The funding sourced from the Bipartisan Infrastructure Law and Inflation Reduction Act will be distributed across 33 projects in over 20 states. With a potential reduction of 14 million metric tons of carbon dioxide annually, these projects could be compared to eliminating 3 million gas-powered cars from roads.

Decarbonizing the industry is a multifaceted task requiring energy efficiency enhancements, electrification, alternative fuels, and clean hydrogen. Several projects will feature technologies yet to be introduced in the US, but hold promise for transformative sector-wide adoption.

The funded initiatives span across a variety of sectors and states. Seven projects belong to the chemicals and refining industry, six each in cement and concrete, and iron and steel, five in aluminum and metals, three each in food and beverage, and glass, two are heat-focused and one in pulp and paper. The benefiting states range from Alabama, Arizona, California, Colorado to Illinois, Indiana, Iowa, and more.

This announcement follows the DOE’s recent allocation of $254 million for 49 projects aimed at cutting industrial greenhouse gas emissions across 21 states. These initiatives will involve a blend of private industry, academic institutions, nonprofits, and DOE Labs to drive applied research and development and validate the effectiveness of pilot projects.

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