Duke, Areva form Adage

SOUTH CAROLINA - Areva and Duke Energy have announced the formation of a new U.S. joint venture.

The new company, Adage, will work to develop new, environmentally friendly biopower energy in the United States.

Areva, traditionally involved in nuclear power, will work with South Carolina-based Duke to build power plants across the United States that use wood waste-to-power technology to provide power to electricity customers.

Areva will design and build the biomass power plants and Duke Energy Generation Services will manage operations. Adage plans to negotiate power-purchase agreements and fuel contracts for each plant it constructs.

According to the U.S. Energy Information Administration, the current total installed capacity of wood biomass power generation is about 6,000 megawatts, though it is estimated that with continued investment, that number could double over the next 10 years.

Related News

california solar power

California just made more clean energy than it needed

LOS ANGELES - We’re a long way from the land of milk and honey, but on Easter Sunday – for about an hour – we got a taste.

On Sunday, at 1:55 PM Pacific Time the California Independent Systems Operator (CAISO) reported that greenhouse gas emissions necessary to serve its demand (~80% of California’s electricity demand on an annual basis), was measured at a rate -16 metric tons of CO2 per hour. Five minutes later, the value was -2 mTCO2/h, before it crept back up to 40 mTCO2/h at 2:05 PM PST. At 2:10 PST though it fell back to -86…

READ MORE
nuclear power plant

What's at stake if Davis-Besse and other nuclear plants close early?

READ MORE

byron_unit_2_nuclear

Hitachi freezes British nuclear project, books $2.8bn hit

READ MORE

russia-to-ban-bitcoin-mining-amid-electricity-deficit

Russia to Ban Bitcoin Mining Amid Electricity Deficit

READ MORE

Most Energy Will Come From Fossil Fuels, Even In 2040

READ MORE