Louisiana project highlights unknowns around carbon capture
A carbon capture proposal for a central Louisiana power plant has been titled “Project Diamond Vault” by its owner, Louisiana utility Cleco. The utility says the project will have “precious value” to the company, customers and state. Yet less than six months after announcing the project to capture carbon from the plant’s emissions and store them underground near the plant, Cleco revealed in a recent filing to its state regulator the $900m carbon capture retrofit could reduce electricity produced for its customers by about 30%.
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Related Knowledge Center: Carbon capture
The federal government is investing heavily in the development of carbon capture and storage (or sequestration), which offers the enticing prospect of preventing carbon dioxide emissions produced during combustion from entering the atmosphere and contributing to climate change. But the technologies involved, while proven, remain expensive, an obstacle to widespread adoption.