Duke Energy is “in the midst of a carbon capture technology revolution,” according to a company statement.
The company says it’s using the technology to capture and store carbon dioxide and methane.
Duke says its Carbon Capture and Storage (CCS) technology, developed in partnership with the University of Maryland, Maryland-Pottstown, and the Lawrence Berkeley National Laboratory, can capture and capture the greenhouse gases emitted by the power plants that burn coal.
The Duke Energy website says the technology will reduce the carbon dioxide emissions from coal-fired power plants by 80% to 100%.
The company also says it is developing carbon capture systems that will capture and process methane.
The Carbon Capture Technology for Energy (CCTE) program is part of Duke’s Clean Power Plan, which aims to reduce carbon dioxide from power plants and make it less harmful to the environment.
The program was announced by the president of the U.S. Department of Energy (DOE) on Monday, which said that its goal was to reduce greenhouse gas emissions from power generation by 80 percent by 2050.
Duke says its CO2 capture and carbon dioxide reduction technologies are “at the front lines of this emerging carbon capture process.”
Dukie says the company has applied for an EPA Green Climate Fund (GCF) grant that would pay for CO2 mitigation research and demonstration projects.
The project would also support a research and development center to conduct research on the technology.
It says the GCF would be used to support research on CO2 capturing technologies, and to develop and validate the technology for commercial deployment.
The GCF grant would be for a maximum of $10 million per year.
This is a developing story.
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