socialmedian: Duke teams with Chinese co. to advance carbon capture tech

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Duke teams with Chinese co. to advance carbon capture tech

Source: VentureBeat

Aug 10, 2009

Summary

Duke Energy is having a big day for deals. Earlier today, it announced its contract with Echelon to deploy up to 1.5 million smart meters across its service area. Now, it’s also revealed plans to join forces with the Huaneng Group in China to research and take steps toward capturing more carbon emitted from coal-fired power plants.

As part of the agreement, the two companies will meet together several times in upcoming months to swap ideas and experiences. The language didn’t clarify whether or not they would actually collaborate on concrete projects in either country. Perhaps this could be a possibility.

China has become increasingly involved in developing carbon-capture technologies after sprinting past the U.S. as the number one producer of greenhouse gases. Between them, China and the U.S. account for 40 percent of global greenhouse gas emissions — a staggering figure. Both the U.S. Department of Energy and Chinese government are moving to combat the growing problem, and now it looks like the private sector is following suit.

Both Duke and Huaneng have clean

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