8 Rivers Capital and ADM to build zero emission power plant

Apr 16 2021


One of the world's first zero emissions Allam-Fetvedt cycle power plants, the Broadwing Clean Energy Complex, is poised to be built in Illinois.

8 Rivers has agreed in principle to locate the Broadwing facility adjacent to ADM's processing complex in Decatur, storing captured carbon safely a mile and a half underground via ADM's carbon capture and storage system.

8 Rivers, through its Zero Degrees development business, aims to reach a final investment decision in 2022 and begin operations by 2025. Warwick Capital Partners will serve as a development financing partner through its targeted investment vehicle Warwick Carbon Solutions. NET Power continues to lead the commercialization of the Allam-Fetvedt power cycle technology that was invented by 8 Rivers and will be deployed at Broadwing. 

NET Power and the Allam-Fetvedt Cycle represent a game-changing advance in the search for solutions to climate change. The technology combusts gas with oxygen, as opposed to air, and uses supercritical carbon dioxide as a working fluid to drive a turbine instead of steam. This eliminates all air emissions, including traditional pollutants and CO2, and inherently produces pipeline-quality CO2 that can be sequestered, all while operating at competitive cost and efficiency to traditional gas power plants.

One of the first projects of its kind in the world, the Broadwing Clean Energy Complex would involve more than a half-billion-dollar investment into Central Illinois, building on the existing carbon storage facility at Decatur funded by ADM and the US Department of Energy. This would potentially create over a thousand direct and indirect jobs during construction along with approximately two dozen jobs for operation of the facility.

The Allam-Fetvedt Cycle power plant has the potential to displace over 1 million tons of CO2 per year emitted from existing coal and gas plants, while itself emitting no air pollutants, accelerating the path to 100% clean power in Illinois and across the world. 

"This 8 Rivers Energy deployment with a full-scale Allam-Fetvedt Cycle plant represents a paradigm shift for how the world generates power. The technology makes clean energy affordable for every country, so the whole world can rapidly reduce its emissions. Today's announcement jump-starts deploying hundreds of NET Power plants globally and accelerates the drive to achieve net-zero carbon emissions by 2050. It represents years of hard work from our world-class teams at 8 Rivers and NET Power, as well as our partners ADM and Warwick Capital Partners," said 8 Rivers' CEO, Cam Hosie.  

 

Broadwing Energy


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Issue 80 - Mar - Apr 2020

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