Duke Energy and China Huaneng Group Expand to Develop Carbon Capture and Sequestration Technologies
February 13, 2012
LOSANGELES, CA – February 13, 2012 – Duke Energy and China Huaneng Group havesigned a new, three-year agreement expanding their research cooperation in theareas of advanced coal and carbon capture and sequestrationtechnologies.
The twoparties initially signed a Memorandum of Understanding in 2009 to pursue high-level discussions and information sharingon a number of renewable and clean-energy fronts. In 2009, Huaneng Group developed a facility thateconomically captured 120,000tons of the carbon dioxide per year emitted fromthe 1,320-megawatt coal-fired Shidongkou power station inChina.
Theexpanded agreement signed today calls for anengineering study to determine the potential feasibility of applying HuanengGroup’s low-cost carbon capture process at unit 3 of Duke Energy’s GibsonStation in Indiana. There are no plans to make any modifications to the powerplant at this stage of the study. There are five units at Gibson with a combinedcapacity of 3,145 megawatts.
Fundingfor the project will be provided by the U.S.-China Clean Energy Research Center(CERC), which was established by the two countries in 2009 for suchcollaborative endeavors.
Duke andHuaneng will create a Joint Working Group that will begin meeting in the nearfuture to coordinate the project.
“We’revery excited to explore the possibilities of Huaneng Group’s technology here inthe United States,” said David Mohler, chief technology officer of Duke Energy,an electric utility company based in Charlotte, N.C. “Our assessment will helpput this technology in context with other options,” he added.
“Thecarbon capture technology is well-proven, and cost-effective,” said JiangMinhua, assistant president of China Huaneng Group, China’slargest power producer. “We are keen to work with Duke Energy in exploring thefeasibility of large-scale carbon capture, utilization andsequestration.”
AboutDuke Energy Corporation
Duke Energy is the third largestelectric power holding company in the United States, based on kilowatt-hoursales. Its regulated utility operations serve approximately 4 million customerslocated in five states – North Carolina, South Carolina, Indiana, Ohio andKentucky — representing a population of approximately 11 million people. DukeEnergy’s commercial power and international business segments operate diversepower generation assets in North America and Latin America, including a growingportfolio of renewable energy assets in the United States.
Headquartered in Charlotte, N.C.,Duke Energy is a Fortune 500 company traded on the New York Stock Exchange underthe symbol DUK. More information about the company is available on the Internetat: www.duke-energy.com.
AboutChina Huaneng Group
China Huaneng Group is anintegrated energy company primarily focused on power generation. The Company isalso engaged in sectors of coal, finance, technology R&D, and transportationetc. that support the core business of power. By the end of 2011, China HuanengGroup had total installed capacity of over 125GW, ranking No.1 in China, andNo.2 in the world in terms of installed capacity. The company was the firstChinese power producer to join the ranks of Fortune 500 Companies, and ranked275th in 2011.
The company now has overseas assetsin seven countries, Australia, Singapore, Myanmar, Mexico, the Netherlands, thePhilippines, and the United Kingdom. More information about the company isavailable on the Internet at: www.chng.com.cn.
