Source: Duke Energy
Duke Energy (NYSE: DUK) and China Huaneng Group have signed a new, three-year agreement expanding their research cooperation in the areas of advanced coal and carbon capture and sequestration technologies.
The two parties initially signed a Memorandum of Understanding in 2009 to pursue high-level discussions and information sharing on a number of renewable and clean-energy fronts. In 2009, Huaneng Group developed a facility that economically captured 120,000 tons of the carbon dioxide per year emitted from the 1,320-megawatt coal-fired Shidongkou power station in China.
The expanded agreement signed today calls for an engineering study to determine the potential feasibility of applying Huaneng Group's low-cost carbon capture process at unit 3 of Duke Energy's Gibson Station in Indiana. There are no plans to make any modifications to the power plant at this stage of the study. There are five units at Gibson with a combined capacity of 3,145 megawatts.
Funding for the project will be provided by the U.S.-China Clean Energy Research Center (CERC), which was established by the two countries in 2009 for such collaborative endeavors.
Duke and Huaneng will create a Joint Working Group that will begin meeting in the near future to coordinate the project.
"We're very excited to explore the possibilities of Huaneng Group's technology here in the United States," said David Mohler, chief technology officer of Duke Energy, an electric utility company based in Charlotte, N.C. "Our assessment will help put this technology in context with other options," he added.
"The carbon capture technology is well-proven, and cost-effective," said Jiang Minhua, assistant president of China Huaneng Group, China's largest power producer. "We are keen to work with Duke Energy in exploring the feasibility of large-scale carbon capture, utilization and sequestration."
Duke, China Huaneng expand cooperation to develop advanced coal, CCS technologies
Source: Duke Energy