Published: March 09, 2010
US Department of Energy Selects NRG for Post-Combustion Carbon Capture Demonstration Project in Texas
PRINCETON, N.J. - (BUSINESS WIRE) - NRG Energy, Inc. (NYSE: NRG) has been selected by the United States
Department of Energy (DOE) to receive up to $154 million, including
funding from the American Recovery and Reinvestment Act, to build a
post-combustion carbon capture demonstration unit at NRG's WA Parish
plant southwest of Houston. The proposed project was submitted under the
Clean Coal Power Initiative Program (CCPI), a cost-shared collaboration
between the federal government and private industry to demonstrate
low-emission carbon capture and storage technologies in advanced
coal-based, power generation. 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.
"The DOE recognizes the need to put a high priority on funding clean
coal projects in order to substantially reduce the carbon intensity of
existing fossil fueled electricity production," said David Crane,
President and CEO of NRG Energy. "Development and deployment of these
carbon capture technologies at scale, not only in the United States but
also worldwide as well, is essential if we are to meet successfully the
challenge of global climate change. We're excited about working with the
DOE on this important project."
Scheduled to begin operating in 2013, NRG's carbon capture demonstration
project at WA Parish will be among the first of its kind. It will use
Fluor Corporation's (NYSE: FLR) advanced Econamine FG Plussm
technology to process flue gas from the plant equal in quantity to that
of a 60 megawatt unit. It will be designed to capture 90% of incoming CO2,
or approximately 400,000 metric tons of CO2 annually-a level
that can further advance the technology's viability on a larger scale.
Once captured, the CO2 will be compressed and used in
enhanced oilfield recovery operations.
Carbon capture technology is part of NRG's clean energy portfolio that
includes nuclear, onshore wind, offshore wind and solar that will help
the Company meet future energy production and environmental
sustainability goals.
About NRG
NRG Energy, Inc., a Fortune 500 company and member of the S&P 500, owns
and operates one of the country's largest and most diverse power
generation portfolios. Headquartered in Princeton, NJ, the Company's
power plants provide more than 24,000 megawatts of generation
capacity-enough to supply more than 20 million homes. NRG's retail
business, Reliant Energy, serves more than 1.6 million residential,
business, commercial and industrial customers in Texas. A past recipient
of the energy industry's highest honors-Platts Industry Leadership and
Energy Company of the Year awards, NRG is a member of the U.S. Climate
Action Partnership (USCAP), a group of business and environmental
organizations calling for mandatory legislation to reduce greenhouse gas
emissions. More information is available at www.nrgenergy.com.
Safe Harbor Disclosure
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG's expectations regarding the post-combustion carbon capture
demonstration unit at NRG's WA Parish plant and forward-looking
statements typically can be identified by the use of words such as
"will," "expect," "believe," and similar terms. Although NRG believes
that its expectations are reasonable, it can give no assurance that
these expectations will prove to have been correct, and actual results
may vary materially. Factors that could cause actual results to differ
materially from those contemplated above include, among others, general
economic conditions, hazards customary in the power industry,
competition in wholesale power markets, the volatility of energy and
fuel prices, failure of customers to perform under contracts, changes in
the wholesale power markets, changes in government regulation of markets
and of environmental emissions, unanticipated outages at our generation
facilities, the inability to implement value enhancing improvements to
plant operations and companywide processes, and our ability to achieve
the expected benefits and timing of our RepoweringNRG projects.
NRG undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. The foregoing review of factors that could cause NRG's actual
results to differ materially from those contemplated in the
forward-looking statements included in this news release should be
considered in connection with information regarding risks and
uncertainties that may affect NRG's future results included in NRG's
filings with the Securities and Exchange Commission at www.sec.gov.

NRG Energy, Inc.
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or
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Erin Gilli,
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