Welcome!

.NET Authors: Srinivasan Sundara Rajan, Jayaram Krishnaswamy, Elizabeth White, Pat Romanski, Nitin Bandugula

News Feed Item

NET Power Receives Grant from the UK Department of Energy and Climate Change to Support Development of Breakthrough, Clean Power Technology

DURHAM, North Carolina, Nov. 21, 2012 /PRNewswire/ -- NET Power today announced the receipt of a £4.9 million grant from the UK Department of Energy and Climate Change as part of the Carbon Capture and Sequestration (CCS) Innovation Program £20 Million Competition. The grant will fund further R&D and manufacturing of both developing and proven high-performance materials that enable NET Power's novel, clean, low-cost power generation technology to reach extremely high efficiencies.

NET Power, Toshiba Corporation (TOKYO: 6502), a world-class technology manufacturer, Goodwin Steel Castings (LSE: GDWN), a global expert in metallurgy and castings based in the UK, and The Shaw Group (NYSE: SHAW), a leading engineering, procurement and construction firm, will utilize these advanced materials in NET Power's 25MW natural gas demonstration plant.

"Through this competition and the CCS Commercialisation Programme, The Department of Energy and Climate Change is focused on making CCS more affordable, and they recognize NET Power's potential as a breakthrough technology," said NET Power CEO Bill Brown. "Our step-out process leaps over current CCS technologies by producing electricity that generates zero atmospheric emissions and is less expensive than cheap, carbon-emitting technologies. We are excited to work with the UK government to commercialize this important technology."

NET Power's new fossil fuel-based power technology is low-cost and highly efficient – on par with state-of-the-art natural gas combined cycle plants. In addition to generating electricity at strongly competitive costs, though, NET Power also eliminates all atmospheric emissions, including CO2. To do this, NET Power utilizes a novel, oxyfuel, high-pressure, supercritical carbon dioxide thermodynamic cycle—named the Allam Cycle after lead inventor Rodney Allam of Chippenham, England. Mr. Allam was previously the Director of Technology Development at Air Products and Chemicals PLC. He was a lead author for the IPCC report on carbon capture and storage and received the 2012 Global Energy Prize.

NET Power is different from typical carbon capture technologies, which require the addition of new processes and equipment to current power systems. Rather than use this approach, which results in increased costs and reduced efficiency, NET Power developed a new power generation technology that was designed from the ground up to eliminate air emissions. The resulting system produces low-cost electricity and a pipeline-ready CO2 byproduct that can be sequestrated or used in enhanced oil recovery without requiring additional expenses and processes.

"This announcement helps maintain the UK's place leading the world in CCS, to deliver an affordable and secure low carbon energy mix," said Energy and Climate Change Secretary Edward Davey. "Carbon Capture and Storage is a huge opportunity for our world class research industry. The UK's clear commitment to CCS is underlined by innovative companies like NET Power and Toshiba's choosing British manufacturer Goodwin for its world leading expertise."

Under the terms of the grant, Goodwin and Toshiba will further develop and manufacture advanced materials to be used in the turbine that Toshiba is developing for the NET Power process. These materials will lead to improved NET Power cycle performance. The DECC grant will directly create high-value R&D and manufacturing jobs in the UK, and it will solidify Goodwin's position as a global leader in advanced materials manufacturing. NET Power and Shaw will support overall project engineering and integration of the materials into the NET Power cycle. NET Power's UK-based subsidiary, NET Power Europe, will administer the grant and conduct other R&D in the UK.

NET Power's Allam Cycle is a flexible platform technology that spans natural gas, coal, solar, nuclear, enhanced oil recovery and liquefied natural gas applications, each of which will directly address rising electricity costs while enabling aggressive emissions reduction targets to be met. DECC's grant supports NET Power to lay the foundation for a coal development program that will result in lower-cost coal-fired power generation that eliminates all atmospheric emissions of CO2, SOX, NOX and particulates.

NET Power, Shaw, Toshiba, and Exelon Corporation (NYSE: EXC), the leading U.S. competitive energy provider, have partnered to develop a 25MW natural gas plant demonstrating NET Power's technology; the plant is expected to begin operating in late 2014. Construction of the first 250MW NET Power plant is expected to begin in early 2015. In June 2012, Shaw committed up to $50.4 million in cash and in-kind services to the effort, subject to certain milestones, acquiring up to 50% of NET Power LLC as those milestones are completed.

NET Power LLC is a Durham, N.C.-based company affiliated with 8 Rivers Capital LLC, the inventor and early developer of the NET Power technology. For more information, please visit NET Power's website at www.NETPower.com.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the technology industry and how do they see opportunities for other women in their area of expertise.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.

ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ --  IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...

Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at home including open source hardware, the raw materials required and the options available to power s...
“The age of the Internet of Things is upon us,” stated Thomas Svensson, senior vice-president and general manager EMEA, ThingWorx, “and working with forward-thinking companies, such as Elisa, enables us to deploy our leading technology so that customers can profit from complete, end-to-end solutions.” ThingWorx, a PTC® (Nasdaq: PTC) business and Internet of Things (IoT) platform provider, announced on Monday that Elisa, Finnish provider of mobile and fixed broadband subscriptions, will deploy ThingWorx® platform technology to enable a new Elisa IoT service in Finland and Estonia.
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, shared some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder of TeleStax, a...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...