OT: DOE and coal, $83 Million! FASC should call:
GE Energy Receives DOE Contract To Develop Hybrid Fuel Cell-Gas Turbine System
Wednesday August 17, 11:12 am ET
ATLANTA--(BUSINESS WIRE)--Aug. 17, 2005--GE Energy has been selected by the U.S. Department of Energy (DOE) to develop a highly efficient, multi-megawatt solid oxide fuel cell (SOFC)-based power system operating on coal.
Under a 10-year, three-phase agreement with DOE valued at $83 million, GE Energy's Hybrid Power Generation Systems (HPGS) business will design and demonstrate an integrated gasification fuel cell (IGFC) system that incorporates a hybrid SOFC/gas turbine as the primary power generation unit. A key objective of the effort is to achieve greater than 50% total system efficiency from coal, while a typical conventional pulverized coal-fired power plant operates at about 35% efficiency.
The program has three primary objectives:
Develop a design for a 100-megawatt IGFC power plant
Design and demonstrate a proof-of-concept (POC) system
Resolve obstacles associated with the development of SOFC, and develop and demonstrate an SOFC building block stack for multi-megawatt system applications
"This development program is a great opportunity for GE and DOE to advance fuel cell technology toward commercialization through improvements in performance, cost and power output," said Tim Rehg, general manager of GE Energy's HPGS business, the primary contractor for the DOE-supported effort.
Phase I of the development program, a three-year effort, will begin in October of 2005 and will focus on system design of the IGFC power plant, IGFC and POC system cost analyses, and SOFC technology advancement. Phase II will further advance the design of the IGFC and POC systems and will extend through 2010. Phase III, beginning in the fifth year of the program, will culminate in the demonstration of the POC system at an integrated gasification combined cycle (IGCC) power plant.
GE Energy is a world leader in IGCC technology, which converts coal into a cleaner-burning fuel that is used in a gas turbine combined cycle system to generate electricity.
"Combining fuel cells with GE's cleaner-coal technology will be a significant step toward GE's goal of providing our customers with products that will reduce the impact of power generation on the environment, which is one of the key elements of GE ecomagination," noted Rehg. Launched in May of this year, ecomagination is GE's company-wide initiative to help customers meet today's pressing environmental requirements.
The latest fuel cell technology program continues GE's on-going fuel cell development work with the DOE. Since 2001, GE has been part of the DOE's three-phase Solid State Energy Conversion Alliance (SECA) program, and is nearing the successful conclusion of Phase I with the demonstration of a 5 kW SOFC prototype.
Located in Torrance, Calif., GE Energy's HPGS business will lead the development team for the latest program. That team also includes GE Energy units in Greenville, S.C. and Schenectady, N.Y., the GE Global Research Center in Niskayuna, N.Y., the University of South Carolina in Columbia, S.C. and Pacific Northwest National Laboratory in Richland, Wash.
About GE Energy
GE Energy (www.gepower.com) is one of the world's leading suppliers of power generation and energy delivery technology, with 2004 revenue of $17.3 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, transmission and distribution, distributed power and energy rental industries.
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Contact:
GE Energy, Atlanta
Dennis Murphy, 678-844-6948
dennis.murphy@ps.ge.com
or
Masto Public Relations
Ken Darling, 518-786-6488
kenneth.darling@ps.ge.com
or
Howard Masto, 518-786-6488
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
