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Three CCS Projects Receive DOE Demo Funding
Washington DC (SPX) Dec 08, 2009 Energy Secretary Steven Chu has announced the selection of three new advanced coal projects that will get $979 million from DOE as part of its Clean Coal Power Initiative. The funds are going to: + AEP's Mountaineer carbon capture and storage (CCS) demonstration project in New Haven, WV; + Southern Company's CCS demo in Alabama, and + The Summit Texas Clean Energy project near Midland-Odessa, Texas. The DOE funding will be matched by $2.2 billion in private capital costs shared by the three firms. "By harnessing the power of science and technology, we can reduce carbon emissions and create new clean energy jobs," said Chu. "This investment is part of our commitment to advancing carbon capture and storage technologies to the point that widespread, affordable deployment can begin in eight to ten years." The projects will show advanced CSS technologies that make progress toward capturing 90% of CO2, less than a 10% boost in power costs for gasification systems and less than 35% for traditional plants - and put over 300,000 tons into the ground each year. AEP's project will capture 90% or 1.5 million metric tons/year of the CO2 from 235 mw of an existing 1,300 mw plant and it will be stored in nearby injection sites. DOE is putting $334 million into the 10-year project. "We're pleased that the DOE selected our project for funding," said AEP CEO Michael Morris. "It demonstrates the agency's recognition that commercialization of carbon capture and storage technology is an essential component in a successful climate strategy for this nation, which relies on coal-fired generation for about half of its electricity supply." The Summit Texas Clean Energy Project will integrate gasification generating technology with CCS on a 400 mw plant that has yet to be built. Some 2.7 million tons of its CO2 will be piped to the Permian Basin of West Texas for enhanced oil recovery. DOE is giving the project $350 million. The Southern Company project will retrofit CCS onto a 160 mw flue of an existing plant with the up to 1 million tons of CO2/year transported to deep saline formations for injection and storage. DOE is putting up $295 million for the project. Share This Article With Planet Earth
Related Links Clean Coal Power Initiative Powering The World in the 21st Century at Energy-Daily.com
Silicon Valley getting greener with HaraSan Francisco (AFP) Dec 7, 2009 Fresh from signing on to help green Silicon Valley, startup Hara will be at climate talks in Copenhagen this week to urge that corporations not wait for regulations to fight global warming. Hara co-founder and chief executive Amit Chatterjee told AFP that his mission in Denmark is to outline a "post-carbon economy" and "articulate the view from Silicon Valley" regarding businesses curbing ... read more |
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