Colorado Springs Firm’s Research Gets Boost From Government
DENVER (AP) – The U.S. Department of Energy has awarded nearly $7.2 million to a Colorado Springs company researching systems for capturing carbon emissions from coal-fired power plants.
The project by Neumann Systems Group Inc. is one of four selected by the department for development on cutting costs and boosting efficiency of carbon capture systems. The others are in New Jersey, Georgia and Kentucky.
The department’s goal is to develop technologies that can achieve at least 90 percent carbon dioxide removal at no more than a 35 percent increase in the cost of electricity. The department says existing carbon capture systems require large amounts of energy for their operation and can add as much as 80 percent to the cost of electricity for a new pulverized coal plant.
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