PPL's Carbon Capture Project Gets $72M US DOE Funding: Time to Buy?
PPLPPL(PPL) ZACKS·2024-09-16 22:36

PPL Corporation (PPL) announced that its carbon emission capture research and development project has secured up to 72millionoffundingfromtheU.S.DepartmentofEnergy(DOE)OfficeofCleanEnergyDemonstrations(OCED).Pertheagreement,OCEDawardedPPLwiththefirsttrancheoffunding,worth72 million of funding from the U.S. Department of Energy (“DOE”) Office of Clean Energy Demonstrations (“OCED”).Per the agreement, OCED awarded PPL with the first tranche of funding, worth 4.9 million, to begin Phase 1 activities. The research and development work will be conducted at PPL’s Cane Run generating station in Louisville, KY. This carbon emission capture project will assist the ut ...