Similarly, Ohio-based American Electric Power (nyse: AEP - news - people ) last month announced plans to place carboncapturing technologies on two existing coal plants by 2011.
But the Energy Department estimates that electricity from a carbon-capturing plant with sequestration will cost 8 cents to generate one KWH in today's money by 2016.
Carbon sequestration, which offers the possibility of capturingcarbon produced by dirty power stations and storing it underground, is a prime candidate.
The Skyonic scheme is a creative approach to the process of capturingcarbon from emissions and locking it up before it can contribute to climate change.
The 275-megawatt demonstration plant is designed to prove the feasibility of producing electricity and hydrogen from coal, while simultaneously capturing the carbon dioxide and sequestering it in deep underground reservoirs.
This will make it possible to realize a simple and compact system for capturing and converting wasted carbon dioxide from incinerators and electric generation plants.
This development will be a foundation for the realization of a system for capturing and converting wasted carbon dioxide from incinerators, power plants or industrial activities.