Department of Energy Ends Support for FutureGen Power Plant
Yesterday the Department of Energy announced it was officially ending its support for FutureGen, a $1.8 billion program to develop a coal-fired power plant able to sequester carbon emissions below ground.
Rather than focusing on one plant in Illinois, the department now says it will fund a number of projects at plants throughout the country, with the government agreeing to pay for carbon sequestration but leaving power generation costs to utilities.
This opens up the carbon sequestration project to competition, once again allowing companies to make their case for inclusion in the program. The Department of Energy is seeking input by March 3, which DOE indicated will help determine how many locations are funded. The department announced its objective to have new facilities operating by 2015.
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