Construction began on a one-of-a-kind natural gas power plant Wednesday in La Porte, Texas.
The 50-megawatt demonstration project is unique in that it produces zero emissions. New technology will send carbon dioxide it creates into a sequestration pipeline. The carbon emissions can then be stored for industrial use or enhanced oil recovery.
Net Power is developing the plant, which will connect to the Texas grid. Net Power is a collaboration of Exelon Corp., CB&J and 8 Rivers Capital.
Exelon and CB&J lead funding for the $140 million project. If the power plant is successful, larger, 295-megawatt power plants could be built in the future, representing the new generation of cleaner natural gas plants.
“Net Power is the first technology that allows policy and economics to work together, instead of against each other, to ensure the world meets our climate targets,” CEO Bill Brown said. “Today marks a significant step for our world-class team … towards delivering a technology that will be the cornerstone of a modern global energy infrastructure that in clean, affordable and flexible.”
The power plant will use a thermodynamic cycle technology to generate cleaner electricity from fossil fuels. Rather than making existing coal plants cleaner, the idea of the project is to build more-environmentally friendly power plants from the ground up.