Thursday, April 19, 2012

Technology:

Startup Offers Game-Changing Energy Solutions that Reduce CO2 Emissions ( Phys.Org)



Courtesy Heat Mining Company LLC
CO2 Plume Geothermal technology makes production of power using geothermal heat financially feasible, where water isn't. 

The University of Minnesota has launched a startup that will provide renewable energy more economically than existing alternatives while reducing harmful carbon dioxide emissions from fossil fuel combustion such as from coal-burning power plants. Heat Mining Company LLC will use sequestered carbon dioxide rather than water to extract heat from deep underground and use this thermal energy to generate electricity. The use of carbon dioxide(CO2), rather than water, allows electricity to be provided from many more sites than would be possible with conventional water-based systems and does it more economically.

"CO2 Plume Geothermal technology makes production of power using geothermal heat financially feasible, where water isn't," says Ken Carpenter, Managing Partner of South Dakota-based Heat Mining Company LLC. "This technology sits at the convergence of two conflicting demands in our society: the need to burn fossil fuels for the foreseeable future and the desire to reduce carbon emissions."