How Execs at 30 Top Cleantech Firms Expect to Make Lots of $$ (Part 4 of 7) ‘Guillotine Hanging Over’ Utilities that Use Coal
Submitted by EnergyTechStocks.com
Rumors of coal’s imminent death are greatly exaggerated. The reality is, coal will be a vital fuel for electricity generation for decades to come, and beaucoup money will be made by companies that know how to use coal more cleanly in power plants and other applications. Referring to electric utilities, William McMahon, head of CoaLogix, an 85%-owned subsidiary of Acorn Energy Inc., said, “There’s a guillotine hanging over their heads.”
McMahon, along with Daniel Goldman, executive vice president of GreatPoint Energy, a private Massachusetts-based firm that converts coal into natural gas, and Mark Pastore, vice president of technical development for Environmental Energy Services, a private fuel treatment company, outlined a future where environmental regulations will force U.S. power producers to spend abundantly on pollution control equipment that keeps a variety of pollutants out of the air. All three executives see coming regulations for mercury and carbon dioxide feeding rapid growth in “cleaner” coal technology.
