Insights4.2.24
DOE Invests $6 Billion in 33 Decarbonization Projects in Highest Emitting Industries to Further Net-Zero Carbon Goals
• DOE’s investment of $6 billion in 33 decarbonization projects – the largest such investment in American history – signifies the integral role decarbonization of industrial business operations has in achieving the U.S.’ net-zero carbon goals
The U.S. Department of Energy (DOE) Industrial Demonstrations Program (IDP) received a combined $6.3 billion in federal funds from the 2021 Bipartisan Infrastructure Law (BIL) and the 2022 Inflation Reduction Act (IRA) to support the advancement of transformational technologies necessary to decarbonize the U.S. industrial sector.
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