Posts Tagged ‘carbon sequestration’
12 June 2009
US Energy Secretary Steven Chu has announced more than $300m worth of investments that will boost a range of clean energy technologies - including carbon capture from coal, solar power, and high efficiency cars and trucks. The move reflects the Obama Administration's commitment to a broad based strategy that will create millions of jobs while transforming the way we use and produce energy, according to a DOE statement.
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18 May 2009
US Secretary of Energy Steven Chu has announced that $2.4bn from the American Recovery and Reinvestment Act will be used to expand and accelerate the commercial deployment of carbon capture and storage (CCS) technology. The funding is part of the Obama Administration's ongoing effort to develop technologies to reduce the emission of carbon dioxide, a major greenhouse gas and contributor to global climate change, into the atmosphere while creating new jobs, according to a statement.
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28 April 2009
The American Recovery and Reinvestment Act recently passed by Congress contains an array of energy initiatives that seeks to overhaul the American energy landscape. With a renewed and purposeful focus on energy research and development, climate change, and tax policy, the Act aims to reduce the nation's dependence on foreign oil, increase our renewable energy production and efficiency, accelerate deployment of smart grid technology, and provide funding and support to those involved in tackling the nation's energy challenges, according to Rahoul Roy, Paul G Afonso and Anil P Ranganath of law firm Brown Rudnick.
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28 April 2009
Speaking at the National Academy of Sciences, US President Barack Obama pledged to increase investment in scientific research and innovation.
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23 April 2009
A future that curbs emissions from new coal fired power stations, and will see the UK lead the world in the development of carbon capture and storage (CCS) technology, was proposed by UK Secretary for Energy and Climate Change Ed Miliband today.
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23 April 2009
Powerspan Corp., a clean energy technology company, has closed over $50m in new financing from a group of new investors including George Soros, Tenaska Energy, Inc., investment management firm AllianceBernstein, and private equity firm Persimmon Tree Capital, and returning investors NGEN Partners, The Beacon Group, The Tremont Group, RockPort Capital Partners LP, Calvert, Angeleno Group, Fluor Corporation and FirstEnergy Corp.
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22 April 2009
In today's budget address, Chancellor Alistair Darling announced measures to support the UK's burgeoning green economy. These included £1bn in support of the fight against climate change and a commitment for the UK to cut CO2 emissions by 34 per cent by 2020.
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5 March 2009
Venture-backed carbon capture technology company GreatPoint Energy, Inc., has partnered with the University of Massachusetts Dartmouth to support clean energy technology development in the state.
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4 March 2009
Dr Kevin Akhurst, managing director for generation at RWE npower has unveiled plans to treble the size of the company's carbon capture pilot project at Aberthaw Power Station in Wales from 1MW to 3MW.
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26 February 2009
US energy technology companies Babcock Power and ThermoEnergy Corporation have formed a limited liability company to be called Babcock-Thermo Carbon Capture, to develop and commercialise a new and advanced carbon capture power plant design.
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26 February 2009
UK Secretary for Energy and Climate Change Ed Miliband is looking to develop carbon capture and storage schemes (CCS), despite facing challenges in funding from the government, according to The Guardian.
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23 February 2009
European energy companies Nuon and Vattenfall are to join forces. Vattenfall has made an all cash offer of €8.5bn enterprise value for 100 per cent of Nuon, equalling €10.3bn for the equity of Nuon's production and supply company after 2008 dividends.
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23 February 2009
New cleantech company ION Engineering, founded by University of Colorado scientists, has been able to integrate ionic liquid solutions into carbon capture and emissions control technology.
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13 February 2009
2009 is shaping up to be a pivotal year for a global industry seeking commercial solutions for capturing and storing harmful greenhouse gases emitted by coal power plants. Nearly 120 carbon sequestration projects are underway globally with the majority of development in western Europe, the US, western Canada and Australia. If demonstration projects are successful and designated government funding comes through, the industry will be well-positioned to scale by 2016, according to a new study released by Emerging Energy Research (EER), a Cambridge MA advisory firm in the renewable energy sector.
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11 February 2009
If coal is to maintain its share in the global power generation mix over the next two decades, its carbon emissions must be mitigated through the capture of CO2. However, carbon capture relies on commercially-viable solutions to store or sequester CO2 permanently. While sequestration solutions have been demonstrated on a trial basis, carbon sequestration's commercial viability on a broadscale is still uncertain., according to this report from Emerging Energy Research.
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12 January 2009
The US state of Illinois has witnessed the signing of the Clean Coal Portfolio Standard Act, which aims to create a framework for developing coal gasification projects with carbon dioxide capture and storage facilities in place.
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12 January 2009
The Indiana Utility Regulatory Commission has approved Duke Energy's revised cost estimate of $2.35bn for its clean coal gasification power plant under construction in southwest Indiana, US.
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6 November 2008
Conifer forestation business CellFor has closed a convertible note financing totalling $10m. The round involved participation from existing investors, as well as a number of new private investors, the company said.
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31 October 2008
US biomass company Biofuels Power Corporation is to manage a project to use wood chips and other refuse from Hurricane Ike cleanup activities in the Houston area to fuel a pilot scale power generation and carbon sequestration project that will provide up to 4 MW.
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28 October 2008
Goldman Sachs and climate change offset company Blue Source have announced a strategic alliance, with Goldman Sachs acquiring an equity stake in the company. Blue Source is a portfolio company of energy-focused private equity firm First Reserve Corporation.
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New Energy World Network: Connecting Investors, Innovators & Deal-Makers worldwide
US Energy storage company talks of future funding plans - 23 May 2012
Application developer for the solar industry outlines future financial plans - 23 May 2012
US biofuel developer seeks $2m in investment - 22 May 2012
Australian government opens door for green business with A$10bn fund - 23 May 2012
UK boosts funding for commercial marine developments - 23 May 2012
Environmental energy prize fund tops $4m in Middle East - 23 May 2012
Italian wind developer to raise between €4m and €5m - 21 May 2012
