Comparing Green Energy Costs

Photo of green energy sources

When coal plants switch to torrefied biomass, they can immediately diminish their carbon footprint and harmful sulfur and mercury emissions. Because torrefied biomass handles just like coal, existing plants don’t need to make material modifications to start co-firing or completely replace their coal with greenhouse gas neutral torrefied biomass. Since they are already connected to the electric power grid, they don’t need to build costly new transmission lines and can pass those savings on to rate payers. — Hiroshi Morihara, President & CEO of HM3 Energy

As utility companies consider green power sources, some of the best known green energy sources they look are wind and solar power sources, or modification of their coal-fired power plants to accept traditional raw wood pellets. In some instances, they may choose to build a small power plant from scratch which burns only raw wood pellets. These decisions all involve paying for the additional infrastructure for these additional sources of power, including transmission infrastructure, which can cost close to $1 million per mile to connect to the grid.

HM3 Energy