Global electricity demand is forecast to continue to grow at over 2 percent annually for the next 25 years. Growth is driven by population expansion, rising disposable incomes and ongoing population shifts to warmer regions, which increases the use of electricity for space cooling. The growth in electricity demand and anticipated increase in the number of power plant retirements will drive growth in new power generating capacity.
GreatPoint's bluegas™ process can be combined with conventional Gas Turbine Combined Cycle (GTCC) power generation to achieve low CO2 emission on any large-scale fuel-based option. Moreover GreatPoint Energy offers a cost-competitive option for integrating natural gas-based power generation with a low cost and abundant fuel supply such as coal, petroleum coke, or biomass. This is a particularly attractive option for lowering the fuel supply costs of existing natural gas power plants that are not designed to run on the low grade syngas fuel produced by conventional gasifiers.