Carbon capture and storage (CCS) is both efficient and cost competitive, according to
as it unveiled the results of a detailed study at last week’s
in Milan, Italy.
Based on Alstom's 13 pilot and demonstration projects, and validated by independent experts, the study found that the cost of electricity generated in a coal burning power plantequipped with CCS will be between 6.5-8.5 eurocents/kWh (9.4-12.3$cent/kWh) depending on the fuel and location.
This cost is currently competitive against power generated from renewable energy sources, while it will improve over the years as the CCS technology matures, says Alstom.
The same conclusion can be applied to a gas fired power plant incorporating CCS.
Alstom is confident that CCS technology will be available at commercial-scale by 2015.
Philippe Joubert, president of Alstom Power, said: “This is a decisive moment for players in the European energy field, in industry or in policy-making, if they want to actively position themselves as leaders on the world stage for this field of decarbonized fossil fuels, where there is considerable potential.”
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