NEW YORK, Feb 8 - Caterpillar Inc (CAT.N) said Monday it will join the FutureGen Alliance to build a $1.5 billion near zero emissions coal-fueled power plant to produce hydrogen and electricity while capturing and sequestering carbon dioxide underground in Mattoon, Illinois.
Last month, Exelon Corp (EXC.N), the nation's biggest power company, also said it would join the FutureGen Alliance.
The U.S. Department of Energy plans to provide more than $1 billion to help fund the 275-megawatt project as part of federal efforts to reduce greenhouse gas emissions such as carbon dioxide while keeping coal in the nation's power generation mix.
EDIT
http://planetark.org/enviro-news/item/56825Ed. - This comes less than a week after quitting the Climate Action Partnership. Guess the grass must have looked greenwashier . . . .