RE: Inishkia10 Jun 2024 08:43
Interesting article posted by BillyRayVal on the PRD board.
This article from the WSJ is also potentially very positive for gas use, basically a way to decarbonise gas-to-power:
https://www.wsj.com/business/energy-oil/danny-rice-natural-gas-billionaire-7dbd7128
A Natural-Gas Billionaire Bets on Greener Fossil Fuel
NET Power CEO Danny Rice says a new decarbonizing process could open the way for utilities to produce clean energy from natural gas
Danny Rice helped build one of the largest natural-gas producers in the U.S. and became a billionaire. In his newest venture, he is still betting on natural gas—but this time as part of an unusual process that aims to clean up gas-fired power generation.
Traditional gas power plants spit CO2 out of exhaust stacks, contributing to global warming. NET Power, a company that Rice took public in 2023 in a $1.5 billion SPAC deal, has developed a gas plant with a different process, using the carbon dioxide it produces to spin a turbine and create electricity—a technology it says will eliminate almost all CO2 emissions.
A move toward renewable power sources reinforces the need for natural gas, Rice argues, as wind and solar can’t crank out energy around the clock. NET Power, he says, aims to offer utility companies an affordable way to make the grid carbon-free.
“It’s a whole lot easier, and a whole lot safer, to try to find ways to decarbonize fossil fuels than it is to move away from them,” says Rice, who is NET Power’s chief executive.
NET Power’s patented process consists of burning natural gas along with oxygen to create heat and a mixture of pure CO2 and water that spins a turbine and creates power. Some of the CO2 is reused in the system and the rest is sequestered underground—which means that a plant using the technology will emit virtually no CO2, according to the company.
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