This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

ThermoEnergy And ITEA S.p.A. Announce Plan To Accelerate Development Of Clean Coal Power Plants In The United States

WORCESTER, Mass. and GALLARATE, Italy, June 14, 2012 /PRNewswire/ -- ThermoEnergy Corp. (OTCBB: TMEN) and ITEA S.p.A. announced that they will work together to promote, finance, design and construct a 50 Megawatt (MW) pilot plant and a 320 MW commercial facility in the United States using a clean coal technology called pressurized oxy-combustion.

(Logo: http://photos.prnewswire.com/prnh/20100816/CL50460LOGO)

The goal is to accelerate the development of coal-fired emissions-free electricity generation. These clean coal power plants could enable utilities to continue burning inexpensive and abundant coal, while virtually eliminating both the traditional pollution (such as sulfur dioxide) from coal plants and the emissions of carbon dioxide that cause climate change. Moreover, the technology can be retrofitted to existing coal plants. By converting to pressurized oxy-combustion, the power industry could avoid shutting down scores of aging coal-fired facilities now threatened by tough new EPA pollution regulations, saving thousands of jobs and billions of taxpayer dollars.

The clean coal technology will be developed and marketed by Unity Power Alliance LLC, a joint venture between ITEA and ThermoEnergy.

Typical existing coal plants burn coal in air at normal atmospheric pressure. The key advance in the patented ThermoEnergy and ITEA technology is burning the fuel in high-pressure oxygen instead of in regular air. One advantage is that the coal burns more cleanly and efficiently, producing more electricity for a given amount of fuel. More important, the high pressure makes it possible to condense—or turn into liquid—the gasses that are normally emitted through the smokestack. As a result, nearly 100% of conventional pollutants such as NOx, SO2, SO3 and mercury, along with carbon dioxide, can be captured and then safely disposed of, sequestered or recycled. In addition, the extracted water can be recycled, dramatically lowering water consumption.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs