Per- tonne subsidies (in dollars) for carbon capture under Section 45Q of the US Internal Revenue Code are plotted over time from 2015- 2030, with the subsidy for pre- and post- combustion CO2 capture for enhanced oil recovery (EOR) in yellow, geologic storage in orange. Per- tonne subsidies (in dollars) for carbon capture under Section 45Q of the US Internal Revenue Code are plotted over time from 2015- 2030, with the subsidy for pre- and post- combustion CO2 capture for enhanced oil recovery (EOR) in yellow, geologic storage in orange. As part of the Biden-Harris Administration's Investing in America agenda, the U. Department of Energy's (DOE) Loan Programs Office (LPO) today announced a conditional commitment for a loan guarantee of up to $1. 76 billion (including up to $279 million in capitalized interest) to GEM A-CAES, LLC. Ever wondered why governments are suddenly playing Santa Claus for energy storage projects? Let's spill the tea: energy storage pilot subsidies are reshaping how we store renewable energy. The facility uses large underground salt caverns to store energy, Bloomberg News reported, citing a statement. The world's largest compressed-air power storage plant has begun operating in central China's Jiangsu province, marking a major step in the country's efforts to expand energy storage to support its green transition.