Construction Agreement for Zero-Emission Coal-Fuel Power Plant
The U.S. Department of Energy (DOE) and the FutureGen Alliance on June 12 announced an agreement to proceed with construction of the world’s first zero-emissions coal-fueled power plant at Mattoon, Ill. Contingent upon an acceptable total project cost and funding, the alliance expects to begin equipment procurement and construction in 2010.
The agreement follows several months of discussions between officials from DOE and the alliance, a consortium of leading U.S. and global coal producers and electric utilities.
The FutureGen project was unveiled in 2003 by then-President George W. Bush. It was intended to be a joint venture between the federal government and the alliance. However, early in 2008 the Bush Administration reneged on its commitment to fund the project as originally envisioned, leaving it to the alliance and congressional supporters to fight for the project.
Under the agreement reached last week, DOE will provide $1.073 billion from the American Recovery and Reinvestment Act, the nearly $790 billion stimulus bill President Obama signed into law earlier this year. DOE will also provide previously appropriated federal funds. In addition, the agreement calls for the alliance and DOE to work together through the rest of 2009 to refine the facility’s design to reduce costs and technical risk.
In a June 12 statement, the alliance said several technology configurations will be considered, saying that upcoming discussions with equipment vendors, the project’s engineering team and economic factors will shape the final design of the facility.
“The FutureGen project holds great promise as a flagship facility to demonstrate carbon capture and storage at commercial scale,” Energy Secretary Steven Chu said on June 12. “Developing this technology is critically important for reducing greenhouse gas emissions in the U.S., and around the world.”
“In my time in Congress, I can’t recall a project that has greater scientific and practical significance than FutureGen, not to mention the enormous economic benefit it will have in Illinois,” said Senate Majority Whip Dick Durbin (D-Ill.).
“The alliance is extremely grateful to Secretary Chu and DOE, for the tremendous support and tenacity of Sen. Durbin and project champions on Capitol Hill,” Future- Gen Alliance CEO Michael Mudd said on June 12. “The jobs created at FutureGen will result in important technology to reduce emissions from coal-fueled power plants at home and around the world ... so future generations can have cleaner energy for a secure future.”
More information is available at: DOE FutureGen Announcement.
More information is available at: FutureGen Alliance Statement.
American Minerals and Manufacturers Key to Lithium Car Batteries
Nearly 200 American manufacturers recently filed applications with the Department of Energy (DOE) to take part in a major new federal initiative designed to turn the U.S. into a world leader in lithium automotive battery production. The project will place America’s vast mineral wealth at the forefront of efforts to develop new automotive technologies capable of dramatically reducing emissions and lessening the nation’s dependence on imported oil.
When he announced the project earlier this year, President Obama stressed that the new funds help will “put Americans back to work.”
In addition, the initiative expands the key role domestic minerals play in ensuring the nation’s well-being. Aside from home, school and transportation system construction, American minerals are widely used to enable the development and use of advanced technologies, including laptop computers and mobile phones.
Late last month, 165 U.S. firms submitted applications seeking funding under a new $2.4 billion project created as part of the nearly $790 billion economic stimulus bill President Obama signed into law earlier this year.
Companies and state governments applying for funding could learn within a month whether their funding applications have been approved. Those seeking funds have proposed sites for new plants that will produce lithium-ion batteries, which have emerged as the leading choice to power future electric cars because they are lighter and more powerful than current battery technology.
A 2008 study suggested that a new U.S. lithium battery market could be worth more than $150 billion annually by 2030.
More information is available at: DOE Lithium Battery Project.
More information on the importance of American minerals is available at: Minerals: America’s Strength (pdf).