FutureGen Alliance, Inc. signed an agreement with the Department of Energy to build the FutureGen 2.0 CO2 pipeline network and CO2 storage site. Carbon capture and storage (CCS) is widely viewed as an essential technology in the effort to address climate change concerns. CCS offers the potential to largely eliminate the carbon dioxide emissions associated with power plants, cement plants, refineries, and other stationary industrial sources.

Company details

1001 Pennsylvania Ave., N.W. , Washington , District of Columbia 20004 USA

Locations Served

Business Type:
Distributor
Industry Type:
Energy
Market Focus:
Globally (various continents)

This company also provides solutions for other industrial applications.
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The FutureGen Industrial Alliance was formed to partner with the U.S. Department of Energy on the FutureGen project. It is a non-profit membership organization created to benefit the public interest, and the interests of science through research, development and demonstration of near-zero emissions coal technology. Members of the Alliance include some of the largest coal producers, coal users, and coal equipment suppliers in the world. The active role of industry in this project ensures that the public and private sector share the cost and risk of developing the advanced technologies necessary to commercialize the FutureGen concept.

The Alliance members have a vested interest in the success of FutureGen 2.0. A secure source of affordable and reliable electricity is key to fueling growing economies around the world. The Alliance recognizes the role coal is playing and will play in delivering power worldwide and the importance of providing innovative technology to meet the demand for clean energy generated from coal. Testing and commercialization of advanced coal-generation coupled with large-scale geologic CO2 storage is required to prove the technical efficacy of this integrated approach. The Alliance members believe that development and operation of FutureGen 2.0 will spur economic development in the U.S., and will serve as a model for similar plants that will help fuel the world’s growing economy.

The FutureGen Industrial Alliance, Inc. is structured as a non-profit 501(c)(3) organization in order to focus on technology advancement rather than profits. Alliance members contributing to the project do not receive any direct financial returns from participation in FutureGen. All revenue from the sale of any marketable byproducts will be returned to the non-profit. This arrangement enables the Alliance members to focus on developing innovative approaches to generating electricity from coal in a cleaner way than ever envisioned. The non-profit structure will enable the Alliance to take more risk in experimenting with advanced technologies than would be the case if traditional measures of financial return were considered.