Press Release Category: Energy

U.S. Department of Energy Announces Contract Awards for Sale of Crude Oil from the Strategic Petroleum Reserve

Washington, D.C. – The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced today that contracts have been awarded from the recent Congressionally-directed Strategic Petroleum Reserve (SPR) crude oil sale. On February 11, 2021, DOE issued a Notice of Sale for a price-competitive sale of 10.1 million barrels of SPR crude oil.  A total of 10 companies responded to the Notice of Sale, submitting 60 bids for evaluation.  DOE awarded contracts to seven companies – Glencore Ltd., Marathon Petroleum

U.S. Department of Energy to Invest $28.35M in Advanced Processing of Rare Earth Elements and Critical Minerals for Industrial and Manufa…

The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) has announced $28.35 million in federal funding for cost-shared research and development projects under the Funding Opportunity Announcement (FOA) DE-FOA-0002404, Advanced Processing of Rare Earth Elements and Critical Minerals for Industrial and Manufacturing Applications. The U.S. imports more than half of its annual consumption of 31 of the 35 critical minerals (CM). The U.S. has no domestic production for 14 CMs and is completely dependent on imports to supply

DOE Announces $160 Million for Projects to Improve Fossil-Based Hydrogen Production, Transport, Storage, and Utilization

WASHINGTON, D.C. – Today, the U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) announced plans to make $160 million in federal funding available to help recalibrate the Nation’s vast fossil-fuel and power infrastructure for decarbonized energy and commodity production. The funding, for cost-shared cooperative agreements, is aimed to develop technologies for the production, transport, storage, and utilization of fossil-based hydrogen, with progress towards net-zero carbon emissions. Fossil fuels currently provide the lowest cost pathway for producing hydrogen, according

Department of Energy Issues Spanish Language Report on Benefits of U.S. Oil and Natural Gas

You are here Home » Department of Energy Issues Spanish Language Report on Benefits of U.S. Oil and Natural Gas WASHINGTON, D.C. – Today, the U.S. Department of Energy’s (DOE’s) Office of Fossil Energy (FE) is happy to announce the release of a Spanish-language version of our report, U.S. Oil and Natural Gas: Providing Energy Security and Supporting Our Quality of Life.  With more than 52 million Spanish-language speakers, America now has the second-largest Spanish-speaking population in the world, after Mexico. This

Department of Energy Extends Fourth Set of LNG Export Authorizations Through 2050

WASHINGTON, D.C. – Today, the U.S. Department of Energy (DOE) extended the terms of five long-term liquefied natural gas (LNG) export authorizations through 2050. Today’s actions follow several LNG export term extensions issued since October pursuant to an export term policy statement DOE finalized in July. “The Trump Administration and DOE have delivered on our commitment to ensure that U.S. LNG holds a prominent place in the global energy market,” said U.S. Secretary of Energy Dan Brouillette. “The 2050 policy and subsequent extended

DOE Invests Nearly $7.6 Million to Develop Energy Storage Projects

The U.S. Department of Energy (DOE) selected 29 projects to receive nearly $7.6 million in federal funding for cost-shared research and development. The projects will advance energy storage technologies under the Funding Opportunity Announcement (FOA) DE-FOA-0002332, Energy Storage for Fossil Power Generation. Energy storage combined with fossil energy assets offers a suite of benefits to asset owners, the electric grid, and society. These benefits include more reliable and affordable energy, a cleaner environment, and stronger power infrastructure. These projects will

DOE Announces $4 Million for Projects to Optimize Safe, Secure, and Verifiable Carbon Storage

You are here Home » DOE Announces $4 Million for Projects to Optimize Safe, Secure, and Verifiable Carbon Storage Today, the U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) announced plans to make $4 million in federal funding available for cost-shared research and development of tools and methods to optimize safe, secure, and verifiable carbon dioxide (CO2) storage. Funding opportunity announcement (FOA), DE-FOA-0002401, Emerging CO2 Storage Technologies: Optimizing Performance Through Minimization of Seismicity Risks and Monitoring Caprock Integrity,

U.S. Department of Energy to Invest $6.4 Million to Develop Hydrogen-Fueled Turbines

The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) has announced $6.4 million in federal funding for cost-shared research and development projects under the funding opportunity announcement (FOA) FE-FOA 0002397, University Turbines Systems Research (UTSR) — Focus on Hydrogen Fuels. The UTSR Program conducts cutting-edge research to increase the efficiency and performance of gas turbines while lowering emissions. There is renewed interest in the use of hydrogen, a clean-burning fuel, for turbine-based electricity generation. Hydrogen production from fossil