Coal at Plant to be Converted to Natural Gas
MILWAUKEE, Aug 2012 -- /PRNewswire/ -We Energies today announced plans to convert the fuel source for the Valley Power Plant from coal to natural gas. The Valley plant is a cogeneration facility located along the Menomonee River in Milwaukee that generates electricity for the grid and produces steam for heating hundreds of downtown Milwaukee buildings.
"For decades, the Valley plant has served a critical role – producing electricity, providing voltage support for the downtown Milwaukee business center, and delivering a reliable steam supply for some 450 customers, ranging from Northwestern Mutual to the Marquette University campus," said Gale Klappa, chairman, president and chief executive officer of We Energies.
"Our analysis shows that converting the fuel source for the plant will reduce our operating costs and enhance the environmental performance of the Valley units," Klappa added.
The company plans to file an application with the Public Service Commission of Wisconsin (PSCW) for approval to modify the plant so that it will be capable of burning natural gas. The electric capacity of the plant is expected to remain at 280 megawatts. If approval is received from the PSCW, We Energies expects the conversion to be completed in 2015 or 2016.
The cost of the conversion project is expected to total between $60 and $65 million. Approximately 50 positions at the plant are likely to be eliminated in connection with the conversion to natural gas. However, the impact on current employees will be minimized through reassignment to other We Energies sites and through retirement and normal attrition.
Over the past decade, emissions from the Valley plant have decreased significantly, including a 65 percent reduction in sulfur dioxide emissions. In October 2010, the U.S. Environmental Protection Agency commented on the air quality improvements noting that the monitor closest to the Valley plant -- the 16th Street Health Center monitor -- has the lowest monitored ozone levels in southeast Wisconsin.
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Klappa said that the conversion plan will secure Valley's role in meeting the energy needs of a vibrant downtown Milwaukee.
We Energies recently obtained a Certificate of Authority from the PSCW to upgrade an existing natural gas main to meet the future needs of natural gas customers in and along the Menomonee Valley and to provide a possible supply of fuel to the Valley plant. Engineering of the gas main replacement and extension of the main west of Menomonee Valley is under way, with completion planned for 2014.
We Energies serves more than 1.1 million electric customers in Wisconsin and Michigan's Upper Peninsula and more than 1 million natural gas customers in Wisconsin. We Energies is the trade name of Wisconsin Electric Power Company and Wisconsin Gas LLC, the principal utility subsidiaries of Wisconsin Energy Corporation (NYSE: WEC). Visit the We Energies website at we-energies.com. Learn more about Wisconsin Energy by visiting wisconsinenergy.com.
SOURCE We Energies
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.