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This week The Institute for Energy Economics and Financial Analysis (IEEFA) published a report describing how coal-to-gasification technology for electricity-generation purposes remains commercially unviable.
The report—“Using Coal Gasification to Generate Electricity: A Multibillion-Dollar Failure”—concludes that two long-running marquee American Integrated Gasification Combined Cycle (IGCC), projects, Duke Energy’s Edwardsport plant in Indiana and Southern Company’s Kemper plant in Mississippi, prove the case against such investments.
“Efforts to gasify coal for power generation have been major failures, technologically and financially,” writes David Schlissel, the author of the report and IEEFA’s director of Resource Planning Analysis. “Both Kemper and Edwardsport have been economic disasters for consumers and investors alike, and a number of important and painful lessons have emerged from Kemper and Edwardsport.”… Read more >>