US futuristic CCS demo plant too expensive now, Chu says

Steven Chu told a Senate committee late Wednesday that some estimates put the price of FutureGen as high as $2.3b.

He said a cost of more than $2b is ``becoming a very deep issue with me because we need a portfolio of projects’’ that can demonstrate CCS including ones that FutureGen would not address. He noted there is only so much money available to the Energy Department (DOE) to help do this.

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