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Reuters: NRG Energy Inc will shut down indefinitely the power source for what had been the only U.S. project capturing carbon from a coal-fired generator until it was idled last year, a spokesman said on Friday. The company notified the Texas grid operator, ERCOT, on Wednesday that the Petra Nova gas plant would be mothballed […]
Press Release, David Schlissel and Dennis Wamsted
Retrofitting aging Milton R. Young coal plant Unit 2 with CCS makes little economic sense
October 9, 2020 (IEEFA U.S.) ‒ In case you missed it (ICYMI), Director of Resource Planning Analysis, David Schlissel and analyst/editor Dennis Wamsted presented webinars October 6 and 7 on IEEFA’s report Project Tundra: A Step In the Wrong Direction. Carbon Capture and Storage (CCS) is often promoted as a technology that brings benefits to […]
Press Release and David Schlissel
Lead author David Schlissel will present his research findings in an online briefing
On Wednesday, October 7th at 5:00 p.m. Central (6:00 p.m. EDT), IEEFA’s Director of Resource Planning Analysis, David Schlissel will present the report: Project Tundra: Carbon Capture Project A Step in the Wrong Direction Carbon Capture and Storage (CCS) is often promoted as a technology that brings benefits to business, local communities and the environment. […]
Press Release, David Schlissel and Dennis Wamsted
Unproven technology funded by federal tax credits unlikely to pay off
September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]
Dennis Wamsted and David Schlissel
Glenrock Energy wants to invest in a carbon dioxide (CO2) capture facility at PacifiCorp’s Dave Johnston Unit 4 coal plant in Converse County. The facility would inject CO2 captured from the coal plant into the ground to force more crude oil out, a process known as enhanced oil recovery (EOR). However, Glenrock’s proposal is based […]
Press Release, Dennis Wamsted and David Schlissel
Red flags for investors - risks for Enchant Energy’s initiative in New Mexico and Project Tundra in North Dakota
August 3, 2020 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that the abrupt recent shutdown of the Petra Nova coal-fired carbon capture plant in Texas should be seen as a strong signal for investors to avoid such projects. The report—Petra Nova Mothballing Post-Mortem: Closure […]
Press Release, Dennis Wamsted, Seth Feaster and Karl Cates
Growth in utility-scale PV is rapidly changing ERCOT market
July 14, 2020 (IEEFA) — New utility-scale solar is poised to push much of the remaining coal-fired power fleet across Texas into retirement in the next few years, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — Solar Surge Set to Drive Much of Remaining Texas Coal-Fired […]
IEEFA
Greentech Media: Another of the world’s largest battery projects is moving forward with construction in Southern California amid the coronavirus slowdown. Strata Solar will begin construction in July on its 100-megawatt/400-megawatt-hour battery plant in Ventura County, north of Los Angeles along the coast. County authorities signed off on the final approvals over Zoom, allowing the […]
IEEFA
E&E News: Patti Poppe used to drive around with an “I ‘heart’ COAL” bumper sticker, but now the CEO of Michigan-based CMS Energy Corp. is eager to talk about phasing out the fossil fuel. “There’s no room, in my opinion, for coal-fueled generation in a clean and lean future,” Poppe said. CEO Curt Morgan of […]
IEEFA
Reuters: Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling prices for renewable energy have already made executives and directors receptive to the goal. Investors including New York City Comptroller Scott Stringer, who […]
IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant
Unproven technology funded by federal tax credits unlikely to pay offSeptember 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]