ThermoEnergy Corporation (OTCBB:TMEN) has received a $1.5 million grantfrom the U.S. EPA to design, build and operate a prototype of the Company’s patented zero air emission power plant, the ThermoEnergy Integrated Power System (TIPS).
The plant will be housed at the Canadian energy laboratory (CANMET) in Ottawa, and will provide the process data the Company needs for the design and construction of a commercial scale multi-megawatt demonstration facility in 2009.
“A successful TIPS development program could significantly change the way in which coal-rich countries such as the US, China and India generates power,” said Dennis C. Cossey, CEO of ThermoEnergy Corporation. “Excessive airborne emissions of NOx, SOx, mercury, particulates and CO2 from coal-fired power plants will become a thing of the past.”
TIPS is the realization of over six years of basic research and development and represents a totally different thermodynamic approach in power plant design. TIPS combines combustion of carbonaceous fuels – coal, natural gas, oil and biomass – with essentially complete recovery of all by-products; including CO2 in pressurized liquid form for sequestration or beneficial reuse.
A recent study by CANMET, entitled “Feasibility Study of the ThermoEnergy Integrated Power System (TIPS) Process,” described TIPS as a new generation power cycle that appears to have many technical and economic advantages over existing clean coal technologies currently identified in both Canada and the USA “The simplicity of the TIPS approach leads us to believe that TIPS can achieve the high plant reliability required by the electric utility industry,” said Alex Fassbender, CTO of ThermoEnergy Corporation.
About ThermoEnergy
Founded in 1988, ThermoEnergy is an infrastructure technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies.
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