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National Academies Report Examines Hidden Cost of Energy Production and Use in US; Estimates $120B in 2005

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Source: “Hidden Costs of Energy”. Source: “Hidden Costs of Energy”. The committee also separately derived a range of values for damages from climate change; the wide range of possibilities for these damages made it impossible to develop precise estimates of cost. Coal accounts for about half the electricity produced in the US.

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DOE to award $37M to four projects for carbon capture from coal power plants; targeting 90% removal with 35% max increase in electricity cost

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Valued at approximately $67 million (including $15 million in non-federal cost sharing) over four years, the overall goal of the research is to develop CO 2 capture and separation technologies that can achieve at least 90’ CO 2 removal at no more than a 35’ increase in the cost of electricity. Neumann Systems Group, Inc.:

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DOE to award $30M to support production of rare earths and other critical minerals from coal-based resources

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The US Department of Energy (DOE) announced up to $30 million to help lower the costs of the onshore production of rare earths and other critical minerals and materials from domestic coal-based resources. ( However, rare earth elements occur naturally, including in domestic coal and coal wastes.

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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced. Electra’s iron is the fulcrum to decarbonize steelmaking and to de-risk the iron ore challenge.

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DOE to award up to $19M to advance waste carbon utilization for algal biofuels and bioproducts

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Capturing this waste carbon then allows for algae to be cultivated into a variety of biofuels and bioproducts. The impact of the Topic Area 1 outcome will be to lower the cost of fuels and products made from algal feedstocks while increasing the positive GHG impacts that can be achieved through deployment of algae-based technologies.

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Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

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The amended bill, now called the “American Taxpayer Relief Act of 2012” and next to be considered by the House, contains 12 extensions outlined in Title IV of the bill, ranging from extension of production credits for Indian coal facilities to benefits for alternative fuels (including algal biofuels) and plug-in vehicles.

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Muons and ADNA proposing using accelerator-driven subcritical reactor for heat for production of synthetic fuels and chemicals

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biomass or coal). An initial proposed plant using GEM*STAR’s with the Fischer-Tropsch process would produce 70 million gallons of diesel fuel per year at an estimated cost of production of less than $2.00 per gallon, according to the company, while also dealing with the issue of waste nuclear materials. Muons, Inc. ,