The Danish Energy Agency has selected 10 companies from a pool of 16 applicants to compete for $4.5 billion in funding for carbon capture and storage projects. The funding is expected to help reduce Denmark’s annual CO2 emissions by 2.3 million tonnes from 2030.
The companies are:
- Affaidplus
- ARGO CCS
- E.ON
- Energist CaptureCo
- Fjernvarme Fyn Fangst
- Gaia ProjectCo
- HOFOR DSS SPV
- Kredsløb Holding
- Ørsted Bioenergy & Thermal Power
- Aalborg Portland.
Funding will be paid out per tonne of CO2 captured and stored. To be included in Denmark’s climate targets, the CO2 must be captured within the country. The CO2 can be geologically stored either in Denmark or abroad.
In the next phase, the prequalified companies can submit detailed project descriptions and bids. The deadline for submission of initial offers is 26 August 2025. This will be followed by a negotiation phase between the Danish Energy Agency and the bidders. The deadline for final and binding offers is 17 December 2025. Contract awards are planned for April 2026.
Find more information about Denmark’s CCS Fund here.
Photo credit: The Danish Energy Agency
