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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Steel is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Converting a significant portion of the fleet to hydrogen would require more DRI plants and more electric furnaces. Retrofit or close any remaining coal-fired capacity by 2050.

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DOE awards $7M to eight oxy-combustion coal technology projects; carbon capture, utilization and storage

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The US Department of Energy (DOE) selected eight projects to advance the development of transformational oxy-combustion technologies capable of high-efficiency, low-cost carbon dioxide capture from coal-fired power plants. DOE Investment: $988,000; Recipient Cost-Share: $828,000. Gas Technology Institute.

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DOE to award up to $14M to 6 new projects to advance IGCC with carbon capture technology for coal-fired plants

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The US Department of Energy (DOE) will award up to $14 million to six projects aimed at developing technologies to lower the cost of producing electricity in integrated gasification combined cycle (IGCC) power plants using carbon capture. EPRI will team with Dooher Institute of Physics and Energy, Worley Parsons Group, Inc.,

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New Mexico Adopts Greenhouse Gas Cap-and-Trade Program

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The New Mexico Environmental Improvement Board (EIB) adopted by a vote of four to three greenhouse gas reduction regulations—called the most stringent in the US—that will reduce global warming pollutants through a regional cap on greenhouse gas emissions. New Mexico Greenhouse Gas Cap-and-Trade Regulation.

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DOE to award ~$13.5M to 16 R&D projects for solid-oxide fuel cell technologies

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SOFC technologies enable efficient, cost-effective electricity generation from abundant domestic coal and natural gas resources, with minimal use of water and near-zero atmospheric emissions of carbon dioxide and pollutants. Multi-Gas Sensors for Enhanced Reliability of SOFC Operation. FuelCell Energy Inc.

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Separate MIT, IEA reports both outline major expansion in role of natural gas; caution on climate benefits

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World primary energy demand by fuel in the IEA high gas scenario. Separately, the International Energy Agency (IEA) released its own report exploring the potential for a “golden age” of gas. Both reports also emphasized that although natural gas is the lowest carbon fossil fuel, it is still a fossil fuel. Source: IEA.

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To Store or Not to Store: That is the Question

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However, when peak demand is not required the inefficiencies of idling coal, nuclear and gas powered power plants has become both very uneconomic and non-responsive to changes in demand for today’s market. Supplementing baseload coal-, nuclear- and gas-powered power pants in a grid strategy for tomorrow.

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