DOE Pours $65.5M into Domestic Oil and Gas Production
The US Department of Energy has announced up to $65.5 million in funding for research and development projects to boost domestic oil and natural gas production.
The funding will be used to improve the efficiency and reliability of critical energy infrastructure, convert underutilized resources, and support technologies that maximize the productivity of existing infrastructure.
The goal is to strengthen America's oil and natural gas industry and reinforce the critical infrastructure that powers the economy. The funding opportunity supports President Trump's Executive Order 'Unleashing American Energy', aimed at ensuring Americans have access to affordable, reliable, and secure energy through the responsible development of the nation's abundant oil and natural gas supplies.
The DOE has released a Notice of Funding Opportunity (NOFO) seeking innovative proposals that address stranded and underutilized resources, enhance supply chain durability and infrastructure reliability, and optimize operations through digitalization and smart test sites.