Over one-half of the states have enacted a renewable power mandate, generally requiring 10 – 20% of fuel for power generation to come from renewable sources. For other states, planned coal-fired power plant projects are either delayed or being cancelled due to more stringent environmental restrictions. Existing non-biomass alternatives to coal-based power present limitations:
•Natural gas – high price volatility and not carbon neutral
•Wind – Not consistent or reliable and not always near the population centers and major grids
•Solar – Projected population growth not expected where solar is most feasible, namely, the dry, western states
The US Southeast and many parts of the Midwest are optimal regions for biomass production from high yielding perennial grasses, and renewable fuel sourced from Miscanthus could easily meet this growing need.
At commercial scale, Freedom should be a price-competitive source of renewable fuel in much of the country before factoring in government subsidies, tax credits, and carbon value.
The grass can be pelletized—turned into energy pellets. The pellets will then be used by coal-fired electricity generating plants as a source of low-emissions fuel. Currently, power plants from all over the world are buying pelletized miscanthus. Europe is an especially strong market.