PPL finalizes award for up to $72 million in federal funding from U.S. Department of Energy's Office of Clean Energy Demonstrations
PPLPPL(PPL) Prnewswire·2024-09-13 03:43

ALLENTOWN, Pa., Sept. 12, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today it has executed an agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for an award up to 72milliontohelpfundagroundbreakingcarbondioxide(CO2)captureresearchanddevelopmentprojectatthecompany′snaturalgascombined−cyclegenerationfacilityinLouisville,Kentucky.OCEDawardedPPLwiththefirsttrancheoffunding–72 million to help fund a groundbreaking carbon dioxide (CO₂) capture research and development project at the company's natural gas combined-cycle generation facility in Louisville, Kentucky. OCED awarded PPL with the first tranche of funding – 4.9 million – to begin Phase 1 activitie ...