New
York Times: A private–public project to build a
fossil-fuel power plant that generates electricity and hydrogen
without emitting carbon dioxide is in jeopardy, writes Matthew
Wald for the
New York Times. Called FutureGen 2.0, the project
entails retrofitting an old oil-fired power station with
technology that captures CO
2. Ameren, the Midwestern power company that is
donating the power station, has told its other FutureGen 2.0
partners that it can no longer participate in the project
because of Ameren's unfavorable financial situation. The
directors of FutureGen 2.0 will meet next week to decide what
to do next. One possibility is for the other partners to buy
the power station from Ameren, but they'll need to act fast.
The US Department of Energy promised to cover 80% of the
project's $1.25 billion pricetag, but only if the money is
spent by the end of 2015.
