* Bloomberg…
A new kind of power plant that doesn’t add greenhouse gases to the atmosphere is being built in the U.S., potentially providing a way for utilities to keep burning natural gas without contributing to global warming.
Net Power intends to build two natural-gas power plants in the U.S. that will have all its emissions captured and buried deep underground. The startup licensed its technology to developer 8 Rivers Capital LLC, which will work with agriculture giant Archer-Daniels-Midlands Co. to replace some emissions from a coal power plant in Illinois. […]
Net Power’s technology uses a new kind of turbine to burn natural gas in oxygen, rather than the air. As a result, the plant only produces carbon dioxide and water as a byproduct. The water can be frozen out of the mixture and the pure stream of CO₂ can be buried in depleted oil and gas wells or similar geological structures.
The required oxygen is secured by separating it from the air, which needs energy. But Net Power says its turbine is more efficient so that, on balance, the overall efficiency of the system matches that of an advanced natural-gas power plant that pumps its emissions into the atmosphere. Another upside of using oxygen is that Net Power plants do not produce any nitrogen emissions, which would cause local air pollution.
* Press release…
One of the world’s first zero emissions Allam-Fetvedt cycle power plants, the Broadwing Clean Energy Complex, is poised to be built in Illinois, generating 280 MW of clean power to help decarbonize the industrial, transport, and electricity sectors. 8 Rivers Capital, LLC (8 Rivers) and ADM (NYSE:ADM) announced today that they have agreed in principle to locate the Broadwing facility adjacent to ADM’s processing complex in Decatur, storing captured carbon safely a mile and a half underground via ADM’s proven carbon capture and storage system. […]
8 Rivers, through its Zero Degrees development business, aims to reach a final investment decision in 2022 and begin operations by 2025. Warwick Capital Partners LLP (Warwick) will serve as a development financing partner through its targeted investment vehicle Warwick Carbon Solutions. NET Power continues to lead the commercialization of the Allam-Fetvedt power cycle technology that was invented by 8 Rivers and will be deployed at Broadwing.
I checked and they’re not asking for anything special out of the omnibus energy bill, but the project is in an enterprise zone, so they are watching the legislation to make sure it has no impact.
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April 16, 2021 at 04:40AM
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