PPL's Carbon Capture Project Gets $72M US DOE Funding: Time to Buy?

PPL Corporation (PPL) announced that its carbon emission capture research and development project has secured up to $72 million of funding from the U.S. Department of Energy ("DOE") Office of Clean Energy Demonstrations ("OCED"). Per the agreement, OCED awarded PPL with the first tranche of funding, worth$4.9 million, to begin Phase 1 activities. The research and development work will be conducted at PPL's Cane Run generating station in Louisville, KY. This carbon emission capture project will assist the u ...