The U.S. Energy Dept. said on Aug. 5 it will abandon its original plan for the FutureGen 275-MW powerplant to test advanced carbon-capture and storage technologies; instead, it will use $1 billion in federal stimulus funding to refit and repower an existing coal-fired plant in western Illinois to capture carbon dioxide. The money will go to members of the FutureGen Alliance, a public-private group of U.S. and overseas utilities, power providers and others, to install new equipment at a 200-MW unit in Meredosia, Ill., in the Illinois River Valley. DOE has dubbed the new plant FutureGen 2.0. DOE had planned
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.