Denmark CCS Fund — Large-Scale Carbon Capture Subsidy

Denmark CCUS Fund Phase 1 — Fossil Carbon Capture

Funds companies capturing CO2 from fossil industrial sources in Denmark through the first Danish CCUS subsidy fund phase.

⚠ This may reflect a past cycle — verify the current call on the funder's site.

The Danish Energy Agency (Energistyrelsen) ran the CCUS Fund Phase 1 as the first of Denmark's three CCS subsidy programs. Established under the 2022 green sub-agreement, the fund aimed to capture 0.4 million tonnes of fossil CO2 annually. Contracts provided a subsidy per tonne of CO2 captured and permanently stored underground, with a support period of approximately 20 years (the remaining contract term depends on when CO2 capture commenced and the statutory framework).

Eligible sources included fossil-origin CO2: oil refining, cement production, waste incineration (fossil fraction), natural gas plants, and similar large industrial emitters. Purely biogenic sources (biomass, biogas upgrading) were covered by the separate NECCS Fund. Companies across the CCS value chain could apply — capture operators, transport operators, storage operators, and full-chain consortia.

The fund concluded in May 2023 when Ørsted won a contract to capture 430,000 tonnes of CO2 per year. The maximum annual subsidy was DKK 815 million, with a payment cap declining over the 20-year support period. Total contract value was approximately DKK 7.7 billion (assuming maximum subsidy paid for the full period).

No further rounds are planned under this fund. Denmark's active CCS support is now via the CCS Fund (DKK 28 billion, opened October 2024), which covers both fossil and biogenic sources.