Any program to reduce carbon dioxide (CO2) emissions will include investment in developing and deploying no- and low-carbon technologies.
The U.S. Department of Energy estimates that 240 gigawatts of new generating capacity will be needed by 2030 to meet rising demand for electricity (equivalent to 480 new 500 MW power plants).1
In June 2006, we introduced RepoweringNRG — our program that will further diversify NRG's existing fuel mix and lead the deployment of no- and low-carbon technologies such as nuclear, advanced low-carbon coal generation and renewables such as wind power.
Equally important as building new, clean generation is equipping existing power plants with additional technologies to reduce emissions. As part of RepoweringNRG, we're investing more than $1 billion in additional environmental control equipment at our existing facilities, while taking the lead in developing carbon capture strategies.
NRG is making considerable headway in advancing our decarbonization platform:
- We received a landmark award from the New York Power Authority to build a new clean coal power plant at our Huntley site with carbon capture and sequestration (CCS).
- We acquired a leading wind development company — Padoma Wind — and in early 2008 began construction on two west Texas wind farms: Sherbino, a joint venture with BP Alternative Energy, and NRG’s Elbow Creek.
- We submitted the first license application to build a new nuclear power plant in the U.S. in nearly 30 years.
