Monday
May
02
2016
11:52 pm
Weather
 
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
 
Ex-Energy chief Chu joins carbon capture company
December 18, 2013, 05:00 AM The Associated Press

WASHINGTON — Former Energy Secretary Steven Chu is joining the board of directors of a Canadian company that says it has a cost-effective way to capture and reuse carbon dioxide from power plants fired by coal and natural gas.

Vancouver-based Inventys Thermal Technologies says it has developed a process that it says uses less energy than conventional carbon capture techniques and is less expensive.

A Nobel Prize-winning physicist, Chu served as energy secretary in President Barack Obama’s first term and now teaches physics at Stanford University.

“It’s a cause I believe in, and it is also something that has a shot at working,” Chu said in an interview Tuesday. He was referring to so-called carbon-capture technologies, which are intended to limit pollution blamed for global warming.

The process removes or captures heat-trapping carbon dioxide produced by power plants and other sources, preventing it from being released into the atmosphere. The captured carbon can be stored underground or used to stimulate recovery of leftover oil from old oil fields.

The technique used by Inventys “is a new approach,” Chu said, and “like any start-up company there’s a high-risk about it.”

Chu, who left office in April, said Inventys recruited him not just for his political contacts, but also for his technical knowledge. “I don’t want to be part of the ex-Washington scene of people trying to cash in because they know people or can open doors,” he said.

Chu’s move comes as the Obama administration announced plans to offer up to $8 billion in loan guarantees for carbon-capture technologies that can be applied to a range of pollution sources. Several demonstration projects are now underway, including a large plant in Port Arthur, Texas, that began operations last year.

Chu declined to identify a second company where he also serves on the board of directors, saying only that it is U.S.-based and “has a very different approach to hydrocarbon fuels.”

As energy secretary, Chu was credited with boosting renewable energy such as wind and solar power, but he was criticized for his handling of a $500 million federal loan to solar panel maker Solyndra, which later went bankrupt, laying off 1,100 workers.

———

Follow Matthew Daly on Twitter: https://twitter.com/MatthewDalyWDC

 

 

Tags: carbon, energy, capture, inventys, power, company,


Other stories from today:

 

 
Print this Page Print this Page  | 
<< Back
 
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
Is the cost of living in the Bay Area worth it?

Definitely yes
For the most part
Sometimes
Getting to be no
Definitely not

 

 
May the 4th Be With You!
 
 
 
 
First US cruise in decades arrives in Havana
HAVANA — The first U.S. cruise ship in nearly 40 years crossed the Florida Straits from Miami and ..
Kerry seeks path to calm in Syria, holds talks in Geneva
GENEVA — U.S. Secretary of State John Kerry on Monday said "several proposals" aimed at finding a ..
Solar plane on global trip soars from California to Arizona
MOUNTAIN VIEW — A solar-powered airplane soared above the clouds Monday after taking off from Cali..
Hungary aiming to drive Uber ride-hailing app out of country
BUDAPEST, Hungary — The Hungarian government wants to drive out ride-hailing app Uber from the cou..
More >>  
 
 
  
 
  
 
©2016 San Mateo Daily Journal
San Mateo County fictitious business name statements