06.28.23

Hoeven Statement on Minnkota Power Cooperatives Advancement of Project Tundra

BISMARCK, N.D. – Senator John Hoeven today issued the following statement after Minnkota Power Cooperative announced new affiliates to advance Project Tundra, their carbon capture, utilization and storage (CCUS) project, into its final stages of development. Minnkota announced it is partnering with TC Energy, Mitsubishi Heavy Industries and Kiewit to complete the project.

“Minnkota’s project is leading the nation and world in developing a major carbon capture and storage project on a traditional coal-fired power plant. We’ve led the way in reducing SOx, NOx and mercury emissions, and now we’re leading the technology development on carbon capture. We have put in place research and development funding, loan guarantees and the 45Q tax credit so the company can move forward and make sure the next generation of coal-fired power is here today and for future generations,” said Hoeven.

Hoeven has been working to help advance Project Tundra to provide a way forward for coal-fired electric. That includes $43 million in federal funding for the project to date, as well as loan guarantees and the 45Q tax credit.

-###-