University of Alaska Fairbanks will evaluate the suitability of a CO2 storage complex for storing power plant emissions in the northern Cook Inlet Basin of south-central Alaska.

The project was selected for CarbonSAFE Phase II: Storage Complex Feasibility and will perform technical, economic, and community assessments for potential CO2 storage complexes.

The project is among 16 projects selected by the U.S. Department of Energy in November 2023 to receive over $444 million. The 16 projects were selected for negotiation to support the development of new and expanded large-scale, commercial carbon storage projects, each with the capacity to securely store 50 or more million metric tons of carbon dioxide over a 30-year period.