Abstract
Tightening emission standards, evolving carbon policies and the entry of
credible turnkey suppliers is driving widespread interest in coal-based IGCC
Power Generation. Nearly 4,000 MW of IGCC projects are currently operating in
the US, Europe and Asia and over 50 IGCC projects totaling over 25,000 MW have
been announced or are in planning worldwide. EER' s new study, Global IGCC
Power Markets and Strategies 2007-2030 is the most comprehensive market study
available on coal IGCC as a generation option for the global power sector. The
study provides in-depth analysis of power market environments and the
strategies of key players across the value chain.
- Coal dominant utilities, large IPPs and upstream energy producers are
emerging as early adopters of IGCC: In North America Utilities AEP, Southern
Company and Duke, have all initiated coal IGCC projects, while IPPs including
Hydrogen Energy, NRG and Edison Mission are also active players. How are the
carbon management strategies of utilities and IPPs evolving, and how is this
impacting their adoption of IGCC?
- The US market is clearly leading the way with 27 projects in 16 states at
some stage of development with a combined capacity of more than 15,000 MW. How
will IGCC development differ in Europe versus the US and other key developing
power markets?
- IGCC has emerged as the most popular technology for commercial deployment
of carbon capture and sequestration, but still faces significant uncertainty.
The next 5 years will be crucial for establishing IGCC' s reliability to
engender customer confidence and to drive down costs. Will other carbon
capture alternatives such as oxyfuel and post combustion capture technologies
emerge as viable competitors? What are the economics of IGCC and what is a
realistic timeframe for substantial growth?
|