The need for energy is growing drastically, with worldwide energy consumption projected to increase by more than 40 percent by 2035. This demand is driven by a predicted growth in population of twenty-five percent in the next 20 years. Most of that growth will be in countries with emerging economies, such as China and India. In China alone, demand is expected to increase by 75 percent by 2035.
Additionally, there are 230 small to medium sized coal fired power stations in the US that are due to be de-commissioned by 2020 due to their inability to cost effectively reduce their emissions to comply with the Clean Air Act.
The existing Grid desperately needs their production and renewable energy such as wind and solar cannot fill their missing production. These facilities have an immediate and urgent need for a solution that will enable them to remain relevant to the grid, and meet or exceed the Clean Air Act requirements with new operating efficiencies that will actually provide a Return on Investment rather than doubling or tripling their production costs with traditional emissions controls. These facilities may be able to retrofit at less cost than de-commissioning costs, depending on environmental legacy bond requirements.
There is roughly the same number of aging coal fired power plants in the same position in Europe.
China, the Unites States, the EU and India make up for more than 61% of the world’s total CO2 production.
When coal is burned to generate electricity, the combustion releases a combination of toxic chemicals (Nitrogen oxides, sulfur dioxide, particulate matter, mercury, smog, black carbon and dozens of others chemicals) into the atmosphere which are major contributors to a significant number of negative environmental and health problems.
Carbon dioxide (CO2) is the most significant contributor to greenhouse gases which cause global warming. The dangers of global warming include disruption of global weather patterns and ecosystems, flooding, severe storms, and droughts. A warming climate will also extend the range of infectious diseases. Coal combustion is responsible for more than 30% of total the U.S. carbon dioxide production.
Veridyne’s SOFC solution can reduce CO2 emissions by 50% and virtually eliminate smog, truly making coal a clean and environmentally sustainable fuel source.