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Speaking at the recent annual meeting of the Western Coal Transportation Association, Fred Palmer, vice president of legal and external affairs for Peabody Energy (NYSE:BTU) (St. Louis), said that Peabody Energy is fully supporting and is an active partner in the Department of Energy's Vision 21 Program. The goal of this innovative program is to build the power plant of the future with essentially zero emissions. Mr. Palmer went on to mention an ambitious coal industry program to achieve a zero emission coal-fired power plant in operation by 2025.
This summer the DOE announced the winners of the third and final round of project funding. So far the DOE has promised $22 million to be spent over three years on the twelve projects selected. These projects focus on developing specific modular components of the plant and involve fuel cell technologies, coal gasification, high strength materials, hydrogen separation, and computer systems to name a few.
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