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Future Power PA Inc., a subsidiary of EmberClear Corp. has begun the process of obtaining equity financing for the 330 MW natural gas combined cycle (NGCC) electricity power plant (the Project) in Good Spring, Pennsylvania. The conclusion of the equity financing process is a necessary step towards construction and delivery of power by 2016.
The Project is being developed within the electricity market in the United States, and benefits from the expanding production and infrastructure for natural gas in the local Marcellus Shale area.
EmberClear plans to utilize high efficiency turbines and mine water for maximum operating output. The beneficial use of the acid mine water improves local streams and watersheds. Further configuration and resource optimization has increased the total facility’s production by 10 percent to 330 MW.
Recently issued emission requirements have resulted in a trend to de-commission older and smaller coal-based power plants in the Project’s geography. This positions the Project to be more competitive and to capture the maximum amount of energy revenue possible.