In a follow-up to our recent interview with Nick Akins, Executive Vice President for Power Generation, American Electric Power (AEP), B-Green Collaborative asked – “Why did American Electric Power abandon the Future Gen Project?”
Mr Akins responded – AEP’s decision to withdraw from the FutureGen Alliance is a financial decision and not an indication that the company doesn’t consider FutureGen a worthwhile project. AEP was a founding member of FutureGen and supports the advancement of the technology. FutureGen Alliance members were asked to commit future funding for the project to continue involvement in the Alliance.The financial constraints brought by the current economic downtown and the risks associated with FutureGen forced us to prioritize our investments in climate-related projects. We made the difficult decision to withdraw from FutureGen in order to continue our own substantial carbon capture and storage initiatives, validating chilled ammonia carbon technology at our Mountaineer Plant in West Virginia. ….click title to read more
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