BP & SCE Win Federal Tax Credits For Hydrogen Plant.

The Feds are handing out $1 billion in tax credits to clean power projects across the country and, yesterday, $90 million of those credits were earmarked for a new hydrogen-fueled power plant in Carson.

According to the Daily Breeze:

"Federal authorities awarded $90 million in tax credits Thursday to the hydrogen-fueled power plant planned for Carson by subsidiaries of the BP America oil company and Southern California Edison.

The project, which would convert byproducts from the BP Carson Refinery into hydrogen and burn the gas to make electricity..."
The $1 billion project which will be located next to the existing BP Carson refinery, has a targeted opening of 2012. It would be the largest plant of its kind when built. Notably, the plant will capture and store underground 90 percent of the its CO2 emissions.

Carson plan for a clean power plant wins federal tax credits [Daily Breeze]