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London, UK - BP and GE announced plans to jointly develop and deploy hydrogen power projects that dramatically reduce emissions of the greenhouse gas carbon dioxide from electricity generation.

"GE and BP are combining our resources to develop economically attractive, breakthrough technologies in the area of hydrogen to power. This will allow power producers to use abundant, low-cost fossil fuel resources to generate electricity with very low carbon dioxide emissions," said Edward Lowe, General Manager of GE Energy's Gasification Business.

BP has already announced plans for two such hydrogen power projects with carbon capture and sequestration in Scotland and California, both of which will use GE technology. Subject to appropriate regulatory and fiscal regimes being in place, and necessary due diligence, the companies have an ambition to progress 10 to 15 further projects over the next decade, including the plants in Scotland and California.

According to BP and GE, low carbon power projects such as these use fossil fuels like natural gas, petroleum coke or coal for power generation combined with carbon dioxide capture and storage technology. They generate significant quantities of base-load power while capturing and storing some 90% of the carbon dioxide that would otherwise be emitted, in deep geological formations.

SOURCE: GE Energy / BP