Posts Tagged ‘carbon storage’
7th September 2009
Fresh on the heels of the Energy Department’s decision to move forward with FutureGen, a public-private partnership to design, build and operate the world’s first coal-fueled, near-zero emissions power plant in Illinois, US Senators Bob Casey and Mike Enzi have introduced the Carbon Storage Stewardship Trust Fund Act of 2009 (or the ‘Casey-Enzi Bill’), writes Annemargaret Connolly and Matthew Morton of law firm Weil Gotshal & Manges.
17th August 2009
The Cooperative Research Centre for Greenhouse Gas Technologies (C02CRC) has received £10m in funding from the Australian Government’s Cooperative Research Centre to continue research until 2015.
13th August 2009
Australian carbon capture and storage (CCS) research collaboration the Cooperative Research Centre for Greenhouse Gas Technologies (CO2CRC) has been funded in the 11th selection round of the Australian Government’s Cooperative Research Centres (CRC) Program. The group is one of ten successful CRCs funded.
13th August 2009
Shell UK and National Grid are joining ScottishPower’s carbon capture and storage (CCS) consortium, as the energy company sets out to deliver the UK’s first commercial size CCS system operating from a coal-fired power station by 2014.
22nd July 2009
Energy company E.ON has submitted an entry for European funding in support of its proposed carbon capture and storage (CCS) development at Kingsnorth in Kent, England.
16th July 2009
US Energy Secretary Steven Chu, Chinese Minister of Science Wan Gang, and Administrator of National Energy Administration Zhang Guo Bao have announced plans to develop a US-China Clean Energy Research Center.
2nd July 2009
US Department of Energy Secretary Steven Chu has announced that projects by Basin Electric Power Cooperative and Hydrogen Energy International have been selected for up to $408m in funding from the American Recovery and Reinvestment Act. The two projects selected - an existing power plant in North Dakota and a new facility in California - will incorporate advanced technologies to reduce carbon dioxide (CO2) emissions.
23rd June 2009
GDF SUEZ, through its subsidiary Electrabel, has begun construction of an 800MW combined biomass/coal fired power station in Rotterdam. The project represents a total investment of €1.2bn. It forms part of a wider investment programme that will see GDF SUEZ spending € 30bn over the period 2008-2010.
17th June 2009
A massive increase in clean, green energy and full take up of electric and alternative fuel vehicles is needed to drastically cut emissions by 2050 and transform Scotland into a low carbon economy, in line with new measures as part of the Scottish Government’s Climate Change Delivery Plan, which sets out a vision to meet the world leading Climate Change Bill target to reduce greenhouse gas emissions by 80 per cent by 2050.
17th June 2009
Clean coal technology could bring between £2-4bn a year into the UK economy by 2030, and support between 30,000-60,000 in jobs such as engineering, manufacturing and procurement, according to new independent research published today.
15th June 2009
US Secretary of Energy Steven Chu has agreed with the FutureGen Alliance that advances the construction of the first commercial scale, fully integrated, carbon capture and sequestration project in the country in Mattoon, in the state of Illinois.
12th 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.
18th 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.
23rd 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.
23rd 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.
22nd 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.
31st March 2009
Alstom, a power generation company, and The Dow Chemical Company, a diversified chemical company, have teamed up to design and construct a pilot plant to capture CO2 from a coal-fired boiler at one of Dow’s facilities in West Virginia, US.
4th 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.
26th 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.
26th 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.
23rd 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.
23rd 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.
13th 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.
11th 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.
9th December 2008
Major European energy organisations have issued a letter to all heads of government in advance of the European Council Meeting on 11 December 2008, calling for strong funding to support the development of 12 industrial scale carbon capture and storage (CCS) projects by 2015.
23rd October 2008
For all the recent talk of CCS’s potential role in reducing CO2 emissions, against increasingly ambitious carbon reduction commitments by Member State governments in Europe, CCS is still as untested and expensive a technology as ever, according to this briefing from Allen & Overy. This technology, with its potential for trapping CO2 from a variety of industrial plant from refineries to cement plant and storing it securely in rock, could indeed be a valuable tool in the battle against climate change.
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'