MARKET OPPORTUNITY

 

• Global demand for energy is expected to grow at a rate of 1.6% per year while coal production is expected to reach 10 billion tonnes in 2035 as predicted by the US Department of Energy (DOE);

• Coal represents 26.5% of global primary energy consumption, and generates 40% of the world's electricity;

• The U.S electricity market is a US$ 360 billion market -- half of which is fueled by coal;

• Coal makes up approximately 95% of the US energy reserves, most of which consists of low-ranked coal;

• 1,400+ generation units in over 500+ power stations in the US are fueled by coal, totaling 338,000 MW in capacity; and

• This target market represents a potential revenue opportunity.

 

 

Total World Coal Consumption by Region (Quadrillion Btu)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: U.S. Energy Information Administration

 

 

World Electricity Generation by Fuel, 2008 (%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reliance on Coal as a Source of Electricity (%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Steel Production and Metallurgical Coal Consumption, 2010 (Mt)