NET Power, a partnership between 8 Rivers Capital, McDermott and Exelon, is developing a 50 MW thermal demonstration power plant (commercial scale will be 300MW) that will validate a new natural gas power system that produces zero atmospheric emissions, including carbon dioxide.
NET Power is based on a high-pressure, supercritical carbon dioxide oxy-fuel power cycle, which produces cost-effective electric power with virtually zero atmospheric air emissions. Unlike other fossil fuel power generation technologies that release emissions to the atmosphere or employ expensive, add-on carbon capture systems, the primary by-product of NET Power is pipeline-quality, high-pressure carbon dioxide (CO2).
NET Power is a novel, proprietary commercial power system that could challenge all current fossil technologies—natural gas combined-cycle, super-critical coal and integrated gasification combined-cycle (IGCC)—by being both cheaper and cleaner:
- Produces lower cost electricity than existing power plants
- Eliminates virtually all air emissions, including nitrogen oxides, and captures nearly all CO2
- Generates an additional and separate revenue stream from sale of CO2 for enhanced oil recovery or other industrial uses
- Does not require any water in the air cooled configuration