RenewableEnergyStocks.com - "Global Renewable Energy Insights" Explores the Drive towards Clean Coal Technology
POINT ROBERTS, Wash., March 13th, 2006 –
www.RenewableEnergyStocks.com (RES), an investor and industry
news portal for the renewable energy sector, presents the most
recent “Global Renewable Energy Insights” column written by
Catherine Lacoursière, clean technology correspondent. This
week’s column examines the increasing endorsement and drive
towards clean coal technology as a potential means of meeting
the growing demand for energy. Investors and industry following
the renewable energy sector can gain insight from the column,
blogs, audio roundtables and interviews, directory of public
companies and content featured on InvestorIdeas.com energy portals.
Column Excerpt: Investing in Near-Zero Emissions
By Catherine Lacoursiere
Coal, abundant and cheap, makes up 56 percent of electric power
generation in the United States, which has 250 years of coal
reserves. With the help of generous tax incentives, the government
is pushing for the use of more clean coal.
The major clean coal technology is gasification, specifically
the Integrated Gasification Combined Cycle (IGCC) plant, which
converts coal into a syngas that produces hydrogen and steam
while sequestering the CO2. The prototype plant, FutureGen,
combines turbines and solid oxide fuel cells (SOFC) to produce
electric power. Large power plant developers such as GE and
Bechtel are the primary developers. However, there are a
number of technologies that will make up next generation
gasification plants. FuelCell Energy (NASDAQ: FCEL) has
just been selected by the U.S. Department of Energy for
an award of an $85 million project over 10 years, subject
to final negotiation of a contract, to produce 100-MW
solid oxide fuel cell (SOFC) system for use in a
gasification plant. The project aims to convert coal
into grid electrical power while capturing 90 percent
of carbon dioxide emissions and achieving a 50% overall
efficiency, up from 35% today.
Steve Eschbach, director of investor relations of FuelCell Energy
expects commercial prototypes could be introduced in about seven
years, following a similar commercialization timeline as its Direct
FuelCell® power plant, which was in the market within 10 years of
its development program with the DOE.
To Read the Column in Full
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RenewableEnergyStocks.com provides a variety of renewable and
clean energy content through: Global Renewable Energy Insights,
by Catherine Lacoursiere, clean technology correspondent, as
well as Renewable Energy Blogs, all available at:
http://www.renewableenergystocks.com or become a ‘priority’
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energy stock lists in the investment industry:
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