Alstom Power President Philippe Joubert said during POWER-GEN Europe 2011 in Milan, Italy that the power industry can now be “confident that carbon capture technology works and is cost effective” after results from a detailed study of Alstom’s 13 pilot and demonstration projects were validated and released.
The cost of electricity generated in a coal-fired power plant using carbon capture and storage (CCS) technology will be between 6.5 and 8.5 eurocents/kWh (.07 to .09 cents/kWh) depending on the fuel and location. The cost is already competitive with renewable energy sources and the same for a gas-fired power plant using CCS. The price is expected to improve over the years as the technology is improved.
CCS is also expected to be available at a commercial scale by 2015.
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