{"id":306,"date":"2025-05-19T14:45:19","date_gmt":"2025-05-19T14:45:19","guid":{"rendered":"https:\/\/pulsemss.net\/?p=306"},"modified":"2025-05-30T13:55:09","modified_gmt":"2025-05-30T13:55:09","slug":"10-companies-selected-to-compete-for-denmarks-dkk-28-7-billion-ccs-fund","status":"publish","type":"post","link":"https:\/\/pulsemss.net\/index.php\/2025\/05\/19\/10-companies-selected-to-compete-for-denmarks-dkk-28-7-billion-ccs-fund\/","title":{"rendered":"10 companies selected to compete for Denmark\u2019s DKK 28.7 billion CCS fund"},"content":{"rendered":"
The funding initiative will cut Denmark\u2019s CO\u2082 emissions by 2.3 million tonnes annually from 2030.<\/span><\/p>\n The funding competition comes after the call for applications was issued in March 2025, where 16 companies applied to be prequalified. <\/span><\/p>\n As the tender framework stated, only 10 companies could move forward. These selected organisations now have the opportunity to submit project proposals for CCS initiatives<\/a> that aim to capture and permanently store carbon emissions.<\/span><\/p>\n This funding round is part of Denmark\u2019s bigger plan to reach its national climate targets. The CCS fund is structured to support projects that deliver tangible environmental benefits. Payments from the fund will be made based on the volume of CO\u2082 captured and stored, ensuring that the funding directly contributes to emission reductions.<\/span><\/p>\n The Danish Energy Agency has chosen companies with experience in carbon capture, storage, or large-scale infrastructure development. The prequalified companies, listed alphabetically, are:<\/span><\/p>\n These companies will now enter the next stage of the competition, where they will prepare detailed project descriptions and submit initial offers for funding consideration.<\/span><\/p>\n The competition will progress through several phases. Prequalified companies must submit their Initial Offers (INDO) <\/span>by August 26, 2025. A negotiation phase between each company and the Danish Energy Agency will follow this. Final and Binding Offers (BAFO) are expected to be due by December 17, 2025, with contract awards planned for April 2026.<\/span><\/p>\n The CCS fund is designed to stimulate investment in green technologies<\/a> and establish a long-term market for carbon capture and storage within Denmark. It is part of the Danish government\u2019s commitment to developing innovative climate solutions.<\/span><\/p>\n Under the fund\u2019s guidelines, only CO\u2082 captured<\/a> within Denmark will count toward the country\u2019s climate targets. However, the carbon can be geologically stored domestically or internationally, provided it meets the required safety and environmental standards. This flexibility encourages rapid deployment of CCS projects while ensuring measurable climate benefits.<\/span><\/p>\n Before the funding can be fully implemented, the CCS initiative must receive state aid approval from the European Commission. This regulatory step ensures <\/span>that the<\/span> financing complies with EU competition rules and state aid regulations.<\/span><\/p>\n Once approved, the initiative is expected to play a critical role in helping Denmark meet its climate obligations while supporting technological innovation and job creation in the green energy sector.<\/span><\/p>\n The post 10 companies selected to compete for Denmark\u2019s DKK 28.7 billion CCS fund<\/a> appeared first on Open Access Government<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" The Danish Energy Agency hopes to reduce its carbon footprint by selecting 10 companies to compete for DKK 28.7 billion in funding for Carbon Capture and Storage (CCS) projects The funding initiative will cut Denmark\u2019s CO\u2082 emissions by 2.3 million tonnes annually from 2030. Strong interest in CCS funding The funding competition comes after the Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-306","post","type-post","status-publish","format-standard","hentry","category-canada"],"_links":{"self":[{"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/posts\/306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/comments?post=306"}],"version-history":[{"count":1,"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/posts\/306\/revisions"}],"predecessor-version":[{"id":307,"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/posts\/306\/revisions\/307"}],"wp:attachment":[{"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/media?parent=306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/categories?post=306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pulsemss.net\/index.php\/wp-json\/wp\/v2\/tags?post=306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Strong interest in CCS funding<\/span><\/h3>\n
Prequalified companies<\/span><\/h3>\n
\n
Next steps in the tender process<\/span><\/h3>\n
Storing CO\u2082 domestically or abroad<\/span><\/h3>\n
Awaiting EU approval<\/span><\/h3>\n