Net Power nearing completion of demonstration power plant with next-generation carbon capture technology

Briefing

Net Power nearing completion of demonstration power plant with next-generation carbon capture technology

August 31, 2017

Briefing

  • 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

Accelerator

Business Model and Practices

Business Model
and Practices

Sector

Energy

Organization

8 Rivers Capital LLC, CB&I, Exelon Generation Company LLC, NetPower

Source

Original Publication Date

August 30, 2017

Leave a comment