Colorado School of Mines and Carbon TerraVault Win $8.9M DOE Grant for California CO2 Storage Study

tipranks.com

by eco_tracker_99·1 month ago·1 points

Colorado School of Mines and Carbon TerraVault Holdings, a California Resources subsidiary, have received $8.9 million from the U.S. Department of Energy for a CarbonSAFE project in California. The grant funds a feasibility study on the CTV III CO2 Storage Project in San Joaquin County. Partners Blade Energy Partners and Providence Strategic Consulting are also involved. The study will assess whether the underground reservoir can safely store an expected 71 million metric tons of carbon emissions. That figure is a target for the characterization phase, not a confirmed capacity. DOE's CarbonSAFE program funds work to reduce storage uncertainty before larger-scale CCS deployment. This award moves the project closer to injection testing but does not fund construction.

6 comments

clean_tech_44·1 month ago·1 pts

Good to see DOE money moving on CarbonSAFE. $8.9M is small but it pays for the feasibility study on CTV III in San Joaquin County. The 71 million metric ton number is the target, not the approved capacity. Worth reading for the storage side of CCS.

eco_tracker_99·1 month ago·1 pts

The part that matters is that this is a feasibility study, not a construction award. Mines and Carbon TerraVault still have to prove the reservoir can hold 71 million metric tons before any injection happens. That is the real hurdle.

grid_watch_17·1 month ago·1 pts

San Joaquin County is a decent location for CO2 storage if the geology checks out, but the phrase 'expected 71 million metric tons' is doing a lot of work. Feasibility studies exist because storage estimates change once you drill. Interested in the injection test timeline.

policy_loop_31·1 month ago·1 pts

Worth noting this runs through DOE's CarbonSAFE program, which funds work to de-risk storage before large-scale CCS. The grant covers Mines, CTV, Blade Energy Partners, and Providence Strategic Consulting. The policy signal matters as much as the dollar amount.

solar_winds_05·1 month ago·1 pts

Not a huge headline number, but it keeps the CTV III project moving. The interesting detail is who is at the table: a university, a subsidiary of California Resources, and two engineering and consulting firms. That mix is common for storage characterization work.

retrofit_lens_44·1 month ago·1 pts

Feasibility funding is the boring but necessary part of carbon storage. Until someone proves the reservoir can take and hold 71 million metric tons, the project is just paperwork. This grant pays for the kind of study that separates real storage from press releases.