/PRNewswire-- Southern Company (NYSE:SO) Chairman, President and CEO David M. Ratcliffe and Turner Renewable Energy founder Ted Turner today announced that the companies have acquired and will bring online one of the nation's largest solar photovoltaic (PV) power plants. The 30 megawatt project, the first to result from the partnership forged by Southern Company and Turner Renewable Energy in January, will supply power to approximately 9,000 homes.
The project was acquired from and will be built by Tempe, Ariz.-based First Solar, Inc., (NASDAQ:FSLR) the world's largest manufacturer of thin film solar modules.
"Expanding the role renewables play in our energy mix is a priority for Southern Company," said Ratcliffe. "Renewables, along with new nuclear, increased energy efficiency, cleaner coal technology and additional natural gas, all will be crucial to meeting this nation's growing energy demand."
"It is great that large-scale solar photovoltaic power generation is becoming a reality in the United States," said Turner. "Southern Turner Renewable Energy is excited to develop and own this project and we look forward to generating clean renewable energy in New Mexico."
The Southern Turner Cimarron I Solar Project is adjacent to Turner's Vermejo Park Ranch in northern New Mexico. First Solar is the contractor for both engineering, procurement and construction (EPC) and operation and maintenance for the facility.
"The Cimarron I project is yet another example of First Solar's capability to realize utility-scale solar projects," said Rob Gillette, First Solar chief executive officer. "Combining the required technology, manufacturing, project development and EPC expertise enables First Solar to be a leader in sustainable energy development."
Construction of the solar array will begin this month with completion and commercial operation expected by year end 2010. It will consist of approximately 500,000 2'x 4' photovoltaic modules constructed with First Solar's patented thin film semiconductor technology.
PV modules generate electricity directly from sunlight through an electronic process that occurs naturally in certain types of material, known as semiconductors. Solar energy frees electrons in these materials to travel through an electrical circuit, powering devices or sending electricity to the grid.
Electricity generated by the plant will serve a 25-year power purchase agreement with the Tri-State Generation and Transmission Association, a not-for-profit wholesale power supplier to 44 electric cooperatives serving 1.4 million customers across Colorado, Nebraska, New Mexico and Wyoming. With the plant's output covered by a long-term contract, the Cimarron I Solar Project is a natural fit with Southern Company's overall business strategy and risk profile.
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Showing posts with label peabody. Show all posts
Showing posts with label peabody. Show all posts
Monday, March 15, 2010
Wednesday, May 27, 2009
Peabody Energy Becomes Founding Member of U.S. Department of Energy's National Carbon Capture Center
/PRNewswire / -- Peabody Energy (NYSE:BTU) today became a founding member of the U.S. Department of Energy (DOE) National Carbon Capture Center. The center is a public-private partnership to advance the next generation of carbon capture and storage (CCS) technologies. The effort will be based at the Power Systems Development Facility (PSDF) south of Birmingham, Ala., the nation's premier carbon research and development laboratory. Peabody has been a funding partner of the PSDF since 1997.
The National Carbon Capture Center will bring together scientists and technology experts from government, industry and academia to analyze both pre-combustion and post-combustion carbon capture technologies in a coal-fueled power plant setting. Once fully operational in 2010, the center will play a leading role in the global effort to advance cost-efficient, large-scale carbon capture and storage operations at coal-fueled power plants.
"Coal continues to be the fastest-growing fuel in the world, and carbon capture and storage will be essential to meet any carbon dioxide emissions goals in a cost-effective manner," said Peabody Chairman and Chief Executive Officer Gregory H. Boyce. "Peabody is the global leader in clean coal solutions, with signature projects in Asia, Australia and North America, and we are proud to also support the National Carbon Capture Center."
Post-combustion research will be conducted at Plant Gaston, a coal-fueled generating plant adjacent to the PSDF that is operated by Southern Company subsidiary Alabama Power. This power plant will be large enough to provide meaningful performance data under realistic operating conditions, accelerating the commercialization of CCS technologies.
Existing facilities at the PSDF will also be modified to conduct the testing of pre-combustion carbon dioxide capture technologies.
As a global leader in clean coal technologies, Peabody Energy is advancing signature projects to commercialize low-carbon and near-zero emission technologies around the world. The company is:
-- The only non-Chinese equity partner in GreenGen, China's centerpiece
climate initiative;
-- A founding member in the COAL21 Fund and the Global Carbon Capture and
Storage Institute in Australia, two major initiatives channeling
public and private investment into low-emissions power projects;
-- A founding member of the FutureGen Alliance in the United States, an
initiative to build a power plant prototype that would capture carbon
dioxide emissions;
-- A $5 million grantor to Washington University in St. Louis to help
establish the Consortium for Clean Coal Utilization, an international
partnership of universities, industry leaders and foundations to
advance carbon solutions;
-- A founding member of the Western Kentucky Carbon Storage Foundation,
which is already testing geologic carbon dioxide storage options; and
-- An equity partner in GreatPoint Energy, a Massachusetts-based company
that converts coal into clean substitute natural gas while enabling
carbon storage.
In addition to the DOE, Peabody and Southern Company, partners include American Electric Power, Luminant, Arch Coal and the Electric Power Research Institute (EPRI), among others. The partnership will continue to seek new members as research progresses.
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The National Carbon Capture Center will bring together scientists and technology experts from government, industry and academia to analyze both pre-combustion and post-combustion carbon capture technologies in a coal-fueled power plant setting. Once fully operational in 2010, the center will play a leading role in the global effort to advance cost-efficient, large-scale carbon capture and storage operations at coal-fueled power plants.
"Coal continues to be the fastest-growing fuel in the world, and carbon capture and storage will be essential to meet any carbon dioxide emissions goals in a cost-effective manner," said Peabody Chairman and Chief Executive Officer Gregory H. Boyce. "Peabody is the global leader in clean coal solutions, with signature projects in Asia, Australia and North America, and we are proud to also support the National Carbon Capture Center."
Post-combustion research will be conducted at Plant Gaston, a coal-fueled generating plant adjacent to the PSDF that is operated by Southern Company subsidiary Alabama Power. This power plant will be large enough to provide meaningful performance data under realistic operating conditions, accelerating the commercialization of CCS technologies.
Existing facilities at the PSDF will also be modified to conduct the testing of pre-combustion carbon dioxide capture technologies.
As a global leader in clean coal technologies, Peabody Energy is advancing signature projects to commercialize low-carbon and near-zero emission technologies around the world. The company is:
-- The only non-Chinese equity partner in GreenGen, China's centerpiece
climate initiative;
-- A founding member in the COAL21 Fund and the Global Carbon Capture and
Storage Institute in Australia, two major initiatives channeling
public and private investment into low-emissions power projects;
-- A founding member of the FutureGen Alliance in the United States, an
initiative to build a power plant prototype that would capture carbon
dioxide emissions;
-- A $5 million grantor to Washington University in St. Louis to help
establish the Consortium for Clean Coal Utilization, an international
partnership of universities, industry leaders and foundations to
advance carbon solutions;
-- A founding member of the Western Kentucky Carbon Storage Foundation,
which is already testing geologic carbon dioxide storage options; and
-- An equity partner in GreatPoint Energy, a Massachusetts-based company
that converts coal into clean substitute natural gas while enabling
carbon storage.
In addition to the DOE, Peabody and Southern Company, partners include American Electric Power, Luminant, Arch Coal and the Electric Power Research Institute (EPRI), among others. The partnership will continue to seek new members as research progresses.
-----
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