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News
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
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LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.
Read more
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Industry News
FutureGen Project Receives Positive Decision
LCG, July 16, 2009--The U.S. Department of Energy (DOE) on Tuesday issued a National Environmental Policy Act (NEPA) Record of Decision for the FutureGen coal gasification project to continue with financial assistance for the current phase of the project.
The 275-MW, electric generation project design incorporates coal gasification technology to convert coal into syngas that can be burned in a combined cycle facility. The design also calls for carbon capture and sequestration, with a goal of capturing 90 percent of the carbon emissions by the third year of operations. The carbon emissions will be injected into a deep saline geologic formation.
The project, which would be built in Illinois, is designed to demonstrate at a commercial scale how coal can be used for power generation without significant greenhouse gas emissions.
The Record of Decision is "based on careful consideration of the proposed project?s potential environmental impacts, as well as the program goals and objectives." With the decision, the FutureGen Alliance can proceed with site-specific activities for the project.
The DOE stated that, over the next eight to 10 months, the Alliance will complete a preliminary design, refine its cost estimate, develop a funding plan, expand the sponsorship group, and, if needed, conduct additional subsurface characterization. Once these activities are completed, the DOE and the Alliance will decide whether to continue the project through construction and operation.
The cost to complete the near-term activities is approximately $17.5 million. The estimated total cost of the project is $2.4 billion. According to the DOE, it anticipated contributing $1.073 billion to the project, plus $1 billion from Recovery Act funds for carbon capture and sequestration research. The Alliance's total anticipated financial contribution is $400 million to $600 million, based on a goal of 20 members each contributing $20 million to $30 million over a four to six year period.
FutureGen members now include Anglo American, BHP Billiton, China Huaneng Group, Consol Energy, E.ON AG's US unit, Foundation Coal Holdings Inc, Peabody Energy Corp and Rio Tinto.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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