System of reverse auctions for bio-based CCUS, Swedish Energy Agency

The Swedish Energy Agency proposes a system of reverse auctions for pre-commercial bio-CCS technologies. Applicants submit bids on how much carbon dioxide they can capture and store and at what cost. The apploicant that can deliver bio-CCS at the lowest cost wins the bid and receives the support. Estimated costs are approximately SEK 1,100–2,000 per tonne of carbon dioxide. The support can cover up to 100% of the costs for capture, transport and storage for 15 years. In 2025, the agency held the first auction for bio-based CCUS, which awarded a 15-year contract worth around USD 1.9 billion to a cogeneration plant project.

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