Yesterday, the Department of Energy announced $27.6 million in funding for carbon dioxide storage projects. The projects will mostly focus on monitoring the movement of CO2, verifying its placement and accounting for the exact amount sequestered. The 19 projects will generally be run by universities and will examine monitoring, verification and accounting (MVA) principles, as well as simulations of CO2 storage and risk assessment. The projects are expected to last from two to four years and will require about $8 million in additional cost sharing.