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Briefing
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- Carbon Capture Demonstration Plant – Net Power nearing completion of 50-megawatt demonstration power plant in La Porte, Texas that can capture 100% of carbon dioxide produced without adding significant costs
- More Efficient System – Eliminates steam cycle found in conventional coal or natural gas plants by replacing water with carbon dioxide to run turbine that generates electricity
- First Test Schedule – Scheduled first test for late November 2017 or early December 2017, with first commercial plant to come online in 2021
- Estimated Cost – First commercial plant costs $1,600 per kilowatt, more than estimated cost for natural gas plants, but may lower to $1,000 per kilowatt after first five to seven plants
- Business Model – Act as licensing firm, selling technology to oil and gas, as well as utilities companies
- Collaborators – Include plant operator Exelon Generation, energy construction company CB&I, and investment firm 8 Rivers Capital
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Accelerator
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Business Model and Practices
Business Model
and Practices
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Sector
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Energy
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Organization
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8 Rivers Capital LLC, CB&I, Exelon Generation Company LLC, NetPower
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Source
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Original Publication Date
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August 30, 2017
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