U.S. Department of Energy selected Hydrogen Energy International LLC for $308 million in funding from the American Recovery and Reinvestment Act. The project is a joint venture between BP and Rio Tinto.
This is part of the third round of the Clean Coal Power Initiative (CCPI). The initiative was made possible by President Bush when he signed the 2005 Energy Act and is designed to increase investment in low-emission coal technology by demonstrating advanced coal-based, power generation technologies. The goal of CCPI is to accelerate the readiness of advanced coal technologies for commercial deployment, ensuring that the United States has clean, reliable, and affordable electricity and power.
Hydrogen Energy International is a BP Alternative Energy and Rio Tinto joint venture. The companies will design, construct, and operate an integrated gasification combined cycle power plant that will take blends of coal and petroleum coke, combined with non-potable water, and convert them into hydrogen and CO2. The CO2 will be separated from the hydrogen using the methanol-based Rectisol process. The hydrogen gas will be used to fuel a power station, and the CO2 will be transported by pipeline to nearby oil reservoirs where it will be injected for storage and used for enhanced oil recovery. The project will be located in Kern County, California and will capture more than 2,000,000 tons per year of CO2.
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DOE Selects Hydrogen Power Energy For Funding
Posted on 16 July 2009
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July 17th, 2009 at 7:43 am
The CCPI program is not the same as the loan guarantee program. Hydrogen Energy and Basin Electric were selected for cost-sharing/funding, not loan guarantees, for their CCPI projects.
July 19th, 2009 at 9:26 pm
Steve,
Thank you for providing this important clarification. We looked at the DOE news release and studied it and were still not able to tell for sure which program provided the funding.
Again, thank you for this clarification.
Editor
July 21st, 2009 at 2:51 pm
You may want to look at these two press releases from the two selected companies to verify that these selections are for co-funding (from the Clean Coal Power Initiative), not loan guarantees.
http://www.hydrogenenergy.com/News.aspx?id=261
http://www.basinelectric.com/News_Center/News_Releases/U.S._Energy_Secretary_Chu_announces_CCPI_funding_for_Basin_E.html
July 21st, 2009 at 9:37 pm
Steve,
We revised the article based upon your knowledgeable comments. Thank you.
July 27th, 2009 at 9:40 am
Steve Jenkins
This means Hydrogen energy project is positivly supported by DOE giving 308MM dollar just like Tampa and Webash were supported in 1992. Tenaska guaranteed funding is subject to due dilligenece after 1 year of engineering by Tenaska.
AM I correct?