Futuregen to Be Shut Down After Feds Withdraw $1B in Funding 4 February 2015, Bydavid Mercer

FutureGen to be shut down after feds withdraw $1B in funding 4 February 2015, byDavid Mercer Coal companies working with the government on Department's decision was a disappointment for the long-planned $1.65 billion FutureGen clean- both central Illinois and supporters of clean-coal coal project said Tuesday they have no choice but technology. to shut it down after the Department of Energy suspended the majority of its funding. "A decade-long bipartisan effort made certain that federal funding was available for the FutureGen The department confirmed that it will not provide Alliance to engage in a large-scale carbon-capture the $1 billion in stimulus funding it had committed demonstration project," Durbin said. "But the to the project, which aimed to refit a coal-fired project has always depended on a private power plant near Meredosia in western Illinois and commitment and can't go forward without it." store carbon dioxide from the coal underground. As recently as last September, the project reached The FutureGen Alliance, the companies working what the FutureGen Alliance called a major on the project in western Illinois, said they were milestone when the U.S. Environmental Protection disappointed by the news but had no way to make Agency issued permits for FutureGen to start up the money. storing carbon underground. "The federal funding was the key component," According to the Department of Energy, it has FutureGen Alliance spokesman Lawrence spent $116.5 million on the power plant and $86 Pacheco said, adding that the Department of million on the underground storage site. Energy told the alliance that the project couldn't realistically use the federal stimulus funds by the "This project has gone through a decade of false September deadline to do so. starts and with today's announcement, $1 billion in federal funding and hundreds of thousands of Energy Department spokesman Bill Gibbons would dollars in Illinois ratepayer financing can be freed say only that the agency suspended funding "in up for investment in clean energy," said Holly order to best protect taxpayer interests." He added Bender, deputy director of the Sierra Club's anti- that the project had provided useful research on coal campaign. carbon sequestration. The project has a long history of stops and starts. In a letter sent Tuesday to Energy Secretary Ernest Moniz obtained by The Associated Press, First proposed in 2003 by President George W. FutureGen CEO Kenneth J. Humphrey expressed Bush's administration, the FutureGen project "profound disappointment" over the decision. initially called for building an experimental power Humphrey noted the $9 million spent by the state plant in eastern Illinois. But the Bush administration of Illinois on the project and $25 million spent by pulled the plug on that version of the project, citing private companies, and ask that the department rising costs. Durbin and others, though, suspected reconsider. politics drove the decision. "The project is poised for success and the The current version of FutureGen, dubbed Department stands to be instrumental in FutureGen 2.0, was first planned after President completing it," Humphrey wrote. Barack Obama took office. The scaled-down project was promised $1 billion in federal stimulus U.S. Sen. Dick Durbin said the Energy funding. 1 / 2 Along the way, the FutureGen Alliance has lost a number of its members, including several power companies. © 2015 The Associated Press. All rights reserved. APA citation: FutureGen to be shut down after feds withdraw $1B in funding (2015, February 4) retrieved 25 September 2021 from https://phys.org/news/2015-02-futuregen-feds-1b-funding.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. 2 / 2 Powered by TCPDF (www.tcpdf.org).

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