Origen Power received a £1 million grant to eliminate carbon dioxide from the air

21/03/2018 16:30 CO2

news

Origen Power aims to develop a new technology, called Greenhouse Gas Removal, capable to eliminate carbon dioxide emissions during power generation. 

The UK government offered £1 million to the clean energy firm, to help build a 400-kW prototype plant in partnership with Arcola Energy and lime producer Singleton Birch in the UK.


The process supplies natural gas to a high-temperature fuel cell, of which around 50% is transformed into electricity and the rest is converted into heat, which is used to decompose limestone into lime and carbon dioxide. The created carbon dioxide is stored underground, while the lime is used further to absorb greenhouse gas from the air. 


The method offers cost-effective (£40/MWh) and carbon-negative (- 600kg/MWh) electricity. 


The company mentioned that to achieve Paris Agreement goals on limiting temperature increases to between 1.5 and 2° C, around 600-800 billion tons of CO2 should be removed from the atmosphere using technologies of this type.
 

EBRD invests €100M in Bulgarian Energy Holding

14/08/2018 08:43:00

The European Bank for Reconstruction and Development (EBRD) has invested €100 million in a new seven-year €550 million bond issued by Bulgarian Energy Holding (BEH), the state-owned entity that controls the country’s energy assets, including the public suppliers of electricity and gas, the EBRD announced on Monday.

<READ MORE

Daily (13.08.2018): Oil prices rose on Friday, but posted weekly declines due to global trade disputes

13/08/2018 13:25:00

Oil crude prices surged on Friday, on predictions of lower supply following U.S. sanctions against Iran. Brent crude closed 1% higher at $72.81 a barrel. Meanwhile, WTI crude soared by 1.2% to end at 67.63% a barrel, posting nevertheless a 1.2% decline week-on-week, on global trade disputes that might slow economic growth and reduce demand for energy.

READ MORE

Russia agrees with four nations to divide resources beneath Caspian Sea

13/08/2018 09:14:00

Iranian President Hassan Rouhani, Azeri President Ilham Aliyev, Kazakh President Nursultan Nazarbayev, Russian President Vladimir Putin and Turkmen President Kurbanguly Berdymukhamedov walk on the embankment of the Caspian Sea following the Fifth Caspian Summit in Aktau, Kazakhstan August 12, 2018.

READ MORE