Exelon Corporation Joining FutureGen Alliance
FutureGen is a US government project announced by President George W.Bush in 2003. Its initial plan involved the construction of a near zero-emissions, coal-fueled power plant to produce hydrogen and electricity while using carbon capture and storage.
"As one of the nation's largest electric utilities and energy providers, Exelon's partnership on this project provides critical support to our ongoing effort to bring FutureGen to Illinois" said Governor Quinn.
FutureGen will be the first facility of its kind to demonstrate the latest technology in electric power generation while capturing and safely storing greenhouse gas emissions. It's also an opportunity for our State to illustrate clean-coal capabilities that will once again place Illinois coal on top and create much needed jobs during a critical economic time.
"We are extremely pleased to have Exelon, one of America's largest utilities, join FutureGen. Today's announcement will help to further discussions that the Alliance is having with other companies who have expressed interest in FutureGen membership. Together, we will be in a position to deliver the next generation of low carbon energy technology to Illinois and the world," said FutureGen Alliance CEO Michael Mudd.
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Labels: Exelon, Futuregen, Michael Mudd
1 Comments:
Now, FutureGen is in line for about $1 billion in stimulus money. The total cost is now estimated at $2.4 billion, or more than double what was once expected, according to the watchdog group, Taxpayers for Common Sense.
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