PPL - PPL affiliate partners selected for $72 million research grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations | Benzinga
ALLENTOWN, Pa., Feb. 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE:PPL) announced today the company and its research partners have been selected for a $72 million award negotiation by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) to help fund a ground-breaking carbon dioxide (CO2) capture research and development project expected to cost in excess of $100 million.
The research project and new carbon capture system – developed in partnership with the University of Kentucky and others – will be hosted at PPL subsidiaries Louisville Gas and Electric Company's (LG&E) and Kentucky Utilities Company's (KU) Cane Run 7 natural gas combined-cycle generating station in Louisville, Ky.
"Across PPL, we continue to pursue a comprehensive clean energy strategy to achieve net-zero carbon emissions by 2050," said PPL President and Chief Executive Officer Vincent Sorgi. "As part of our strategy, we're focused on driving innovation and advancing technologies that can be scaled safely, reliably and affordably to meet our customers' energy needs, including carbon capture and sequestration technologies."
About the project
The new 20-megawatt research system planned for Cane Run is designed to capture a portion of the CO2 from the natural gas plant's flue gas using an advanced heat-integrated CO2 capture technology.
The goal is to capture up to 240 tons of CO2 per day and up to 90,000 metric tons of CO2 per year – an amount equivalent to the annual CO2 emissions of 20,000 gasoline-powered cars, according to OCED. This is an important step in ...