by Richard T. Stuebi
This past week, the nation’s largest utility American Electric Power (NYSE: AEP) announced that it was installing carbon capture and sequestration technology from Alstom (Paris: ALO) at two of its large coal fired powerplants, Mountaineer in West Virginia and Northeastern in Oklahoma.
In AEP’s press release, AEP CEO Mike Morris was quoted as saying “With Congress expected to take action on greenhouse gas issues in climate legislation, it’s time to advance this technology for commercial use.”
As Alstom’s press release indicates, the demonstration projects will employ chilled ammonia to capture CO2 from the flue stream for injection into underground saline aquifers (at Mountaineer) and for enhanced oil recovery (at Northeastern).
Just a day previously, however, my illustrious alma mater The Massachusetts Institute of Technology (MIT) released a new report entitled The Future of Coal, which calls U.S. efforts so far to develop and commercialize clean-coal technologies “completely inadequate”.
I couldn’t agree more. Like it or not, coal is going to be a huge part of our energy future. We need to figure out how to use it in an environmentally-sustainable manner, and right now we’re mainly paying lip-service to our intentions for clean-coal research. Time to up the ante.