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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Advanced Emissions Solutions Announces The Commencement Of Operations Of An RC Facility Using M-45-PC(TM) Technology And Additional Emissions Control Equipment Awards

Stocks in this article: ADES

  • M-45-PC technology expands addressable market to larger volume power plants
  • More than $20 million in new ACI and DSI awards

HIGHLANDS RANCH, Colo., Dec. 19, 2013 (GLOBE NEWSWIRE) -- Advanced Emissions Solutions, Inc. (Nasdaq:ADES) (the "Company") today announced that Clean Coal Solutions, LLC ("CCS"), a joint venture among its subsidiary ADA-ES, Inc., an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs Group, Inc., has begun operations of a Refined Coal ("RC") facility that is treating pulverized coal ("PC") boilers using M-45-PC™ technology. The RC facility is located at a power plant that has historically burned about 5 million tons of coal per year. CCS is currently operating the RC facility and retaining the tax benefits generated while it is negotiating the lease or sale to potential RC investors.

CCS currently has 12 of its 28 RC facilities operating at coal burning power plants that have historically burned a total of more than 32 million tons per year. Work on operating contracts for the additional RC facilities is ongoing and CCS is on track to begin full-time operations for an additional five RC facilities by the end of the first quarter of 2014, including two that we expect will use the M-45-PC technology. We continue to expect that all RC facilities will be placed in full-time operation by the end of 2014.

Emissions Control Equipment

Separately, since September 30, 2013, the Company has been awarded more than $20 million in new orders for Activated Carbon Injection ("ACI") systems and Dry Sorbent Injection ("DSI") systems from multiple utilities, including a fleet-wide contract for ACI systems from a large utility. These awards are the result of the recent EPA Mercury and Air Toxics Standard ("MATS"), which requires compliance beginning in April 2015. Work has begun on some of the new projects and deliveries of the systems are scheduled to begin in 2014. During 2013, the Company has won more than $88 million in emissions control equipment awards, including multiple fleet-wide contracts from major utilities.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,817.90 +7.84 0.04%
S&P 500 2,069.41 +5.91 0.29%
NASDAQ 4,754.8920 +41.9220 0.89%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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