PPL Finalizes Award For Up To $72M In Federal Funding From U.S. DOE's Office Of Clean Energy Demonstrations; OCED Awarded PPL With The First Tranche Of Funding, $4.9M, To Begin Phase 1 Activities
PPL Finalizes Award For Up To $72M In Federal Funding From U.S. DOE's Office Of Clean Energy Demonstrations; OCED Awarded PPL With The First Tranche Of Funding, $4.9M, To Begin Phase 1 Activities
PPL Corporation (NYSE:PPL) announced today it has executed an agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for an award up to $72 million to help fund a groundbreaking carbon dioxide (CO2) capture research and development project at the company's natural gas combined-cycle generation facility in Louisville, Kentucky. OCED awarded PPL with the first tranche of funding – $4.9 million – to begin Phase 1 activities.
PPL公司（纽约证券交易所代码：PPL）今天宣布，它已与美国能源部（DOE）清洁能源示范办公室（OCED）签署了一项协议，提供高达7200万美元的奖金，以资助该公司位于肯塔基州路易斯维尔的天然气联合循环发电设施的开创性二氧化碳（CO2）捕获研发项目。OCED向PPL提供了第一批资金——490万美元，用于启动第一阶段的活动。
The carbon capture project – developed in partnership with the University of Kentucky and others – represents a total investment of more than $100 million and will be hosted at the Cane Run generating station jointly owned and operated by PPL subsidiaries Kentucky Utilities and Louisville Gas and Electric Company. OCED announced in February of this year that the DOE selected the project for award negotiations.
该碳捕集项目是与肯塔基大学和其他机构合作开发的，总投资超过1亿美元，将由PPL子公司肯塔基公用事业公司和路易斯维尔天然气和电力公司共同拥有和运营的Cane Run发电站托管。经合组织在今年二月宣布，美国能源部选择该项目进行奖励谈判。