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Electricity demand is surging in India, Vietnam, sub-Saharan Africa and other developing economies where growing populations are starving for power generation, but U.S. public utilities still remember the hard lesson of the 1990s: The need for energy isn’t enough to an make international investment viable, energy executives said Thursday.
A Chinese company wants to build its own coal-fired plant in southern Jamaica to generate the power needed for a hoped-for $1.5 billion port that the Caribbean island envisions as helping transform its chronically sluggish economy.
The British government, already a strong advocate of clean energy, showed that it is planning to put its money where its carbon is, signing an agreement on Monday to move ahead on the world’s first industrial-sized carbon capture project.
A Duke spokesman confirmed the nation’s largest electricity provider received a subpoena.
Natural gas prices at a four-year high have utilities shifting to coal to generate 4.519 million megawatt-hours a day, the most since 2011, government data show.
Requiring the use of carbon capture and sequestration technologies at coal-fired power plants could increase the wholesale price of electricity between 70 percent and 80 percent, an Energy Department official said.
Here are the key observations and takeaways from BP’s recently released 20-year forecast on global energy.
The U.S. Department of Energy has given the long-running FutureGen clean-coal project one of the final OKs it needs to start building.
Despite the anthracitical fuel being the red-headed stepchild of the energy complex, talk of coal’s demise would appear misplaced. Coal has historically been, and is currently, the leading fuel in the US power generation mix.