Capital Power Corp (cpx) Pulls Plug on Carbon ProjectFrom the Vancouver Sun PG B7
Plug Pulled on Carbon Project (Canadian Press)
Edmonton based Capital Power Corp says it is no longer pursuing its 2.4 billion carbon capture and storage project at its Genese natural gas fired power plant. The company says it has decided the project is technically viable but not economically feasible. Capital Power says it may explore carbon capture and storage again as economics improve. The company has set the goal of achieving net zero greenhouse gas emissions by 2045. Albertas electricity is dependent on natural gas, and many analysts believe offsetting emissions will require a mix of wind and solar, hydrogen, nuclear power in the form of modular reactors, and carbon capture and storage. In January, Capital Power said it will partner with Ontario Power Generation to assess the feasibility of developing small modular nuclear reactors to help power Albertas electricity grid.
Well folks there you go just as Axe has said carbon capture and storage is just stupidly expensive not that building nuclear modular reactors are cheap either which from what i believe to have read is in the 10s of millions my guess 50 to 200 million. Now providing axe tech can be adapted for less than building plants from ground up or adapting existing hydroelectric dam sites and constructing the modular units around it to power a grid that is not cheap at all.
More and more i strongly believe Axe will ve seen as among the most cost effective tech with extremely huge benefits in terms of functionality significant reduction in green house gases and cost reductions as the company stated. There have been carbon capture sequestering tech that i knew of where a company thermal dynamics (tmg)was working and selling but the company wasnt making huge revenue although it seemed to work to a good extent but it may not have been what is sought. Thermal Dynamics looks to have changed its name to Thermal Energy International but its ticker is still tmg.
Bottom line there is ongoing huge potential and axe remains extremely well positioned. It looks like the type of carbon capture people are looking for in the oil gas and liquidfied natural gas lng is not going to be cheap at all as Axe has stated.
Lets see this sleeping dragon rise and scorch all the challenges before it. Things may be slow but 5 million compared to 10s of millions to build facilities is peanuts actually and i have 0 doubts people will come to their senses as was stated in the article in light of very challenging times fraught with high inflation. I thought this Power Corp article may be of some interest.