Sign in or Sign-up News | April 15, 2021
8 Rivers Capital And The Southern Ute Growth Fund Announce Joint Development Of Zero Emissions NET Power Plant
Durham, NC and Southern Ute Indian Reservation, CO /PRNewswire/ - 8 Rivers Capital, LLC and The Southern Ute Indian Tribe Growth Fund (SUGF) have joined together to develop the Coyote Clean Power Project, locating one of the world s first zero-emissions NET Power natural gas-fired power plants within the Southern Ute Indian Reservation. The Coyote Clean Power Project will represent a paradigm shift in how the world generates energy, producing 280 MW of clean power 24/7, while capturing and storing CO2. 8 Rivers, through its Zero Degrees development business, and the SUGF plan to design and construct a NET Power plant over the next five years.
Source: 8 Rivers
Decatur, Illinois
Investment firm 8 Rivers Capital, LLC and Chicago-based agriculture giant ADM have agreed in principle to locate the Broadwing facility adjacent to ADM’s processing complex in Decatur, Illinois, storing captured carbon safely a mile and a half underground via ADM’s proven carbon capture and storage system.
The Broadwing Clean Energy Complex will generate 280 MW of clean power to help decarbonise the industrial, transport, and electricity sectors. 8 Rivers, through its Zero Degrees development business, aims to reach a final investment decision in 2022 and begin operations by 2025.
Durham, North Carolina-based 8 Rivers and The Southern Ute Indian Tribe Growth Fund (SUGF) have also combined to develop the Coyote Clean Power Project, locating one of the world’s first zero-emissions NET Power natural gas-fired power plants within the Southern Ute Indian Reservation in Colorado.
DURHAM 8 Rivers Capital, LLC, is partnering with The Southern Ute Indian Tribe Growth Fund (SUGF) to develop and build a zero-emissions NET Power natural gas-fired power plant on the Southern Ute Indian Reservation in Colorado in a project named the Coyote Clean Power Project.
In a joint statement, the organizations called the project paradigm-shifting, describing that the project will produce 280 megawatts of clean power every hour of every day while simultaneously capturing and storing carbon dioxide. The organizations expect the plant to be designed and completed within the next five years and production could begin in 2025.
“The Southern Ute Indian Tribe is excited to begin the partnership with 8 Rivers, adding a new clean energy project to our business portfolio. Although the Tribe has a rich and successful history as an energy producer in Indian Country, we have always prioritized the protection of our natural resources. This project further exemplifies our environmenta
April 16, 2021
There are reasons to be skeptical.
But, If they can build two new planned facilities, we’ll have a test case.
A new kind of power plant that doesn’t add greenhouse gases to the atmosphere is being built in the U.S., potentially providing a way for utilities to keep burning natural gas without contributing to global warming.
Net Power intends to build two natural-gas power plants in the U.S. that will have all its emissions captured and buried deep underground. The startup licensed its technology to developer 8 Rivers Capital LLC, which will work with agriculture giant Archer-Daniels-Midlands Co. to replace some emissions from a coal power plant in Illinois.
8 Rivers Capital and the Southern Ute Growth Fund Announce Joint Development of Zero Emissions NET Power Plant
News provided by
Share this article
Share this article
DURHAM, N.C. and SOUTHERN UTE INDIAN RESERVATION, Colo., April 15, 2021 /PRNewswire/ 8 Rivers Capital, LLC and The Southern Ute Indian Tribe Growth Fund (SUGF) have joined together to develop the Coyote Clean Power Project, locating one of the world s first zero-emissions NET Power natural gas-fired power plants within the Southern Ute Indian Reservation. The Coyote Clean Power Project will represent a paradigm shift in how the world generates energy, producing 280 MW of clean power 24/7, while capturing and storing CO