A Life Cycle Costing Approach of Potential Carbon Capture and Storage at the Hunter Unit 3 Coal-Fired Power Plant, Utah
Carbon capture and storage (CCS) is widely regarded as a viable pathway for reducing greenhouse gas emissions; however, large-scale deployment remains constrained by project economics and policy uncertainty. This study presents a life cycle costing assessment of a proposed CCS retrofit at the Hunter Unit 3 coal-fired power plant in Emery County, Utah, encompassing carbon capture, transport, and subsurface storage. Results indicate that the project appears economically favorable under the assumptions of this screening-level analysis and under current policy conditions, with an estimated break-even time of approximately five years. The analysis identifies a large upfront capital investment exceeding $600,000,000, offset by planned revenue from federal tax credits totaling several billion dollars over the project lifetime. Sensitivity analyses show that project economics are dominated by capture costs and annual mass of CO2 sequestration rates, while storage and transport costs play secondary roles. A synthetic policy-perturbation analysis of the $85/ton tax credit further demonstrates that policy volatility materially increases uncertainty in investment returns. These results highlight both the economic potential of CCS retrofits at existing power plants and the critical role of stable long-term policy in enabling investment.
Authors
- Kevin L. McCormack (ORCID: https://orcid.org/0000-0001-7641-1058)
- Kody M. Powell (ORCID: https://orcid.org/0000-0001-9904-6671)
- Palash Panja (ORCID: https://orcid.org/0000-0002-0631-9907)
- Brian J. O. L. McPherson (ORCID: https://orcid.org/0000-0002-3836-2651)
- Pratt Rogers (ORCID: https://orcid.org/0000-0002-9042-8638)
- Eric Edelman
- Ethan Gallup
Institutions
- University of Utah (US)
Publication Details
- Journal
- Energies
- Published
- 2026-04-22
- DOI
- https://doi.org/10.3390/en19092010
- Primary Topic
- Carbon Dioxide Capture Technologies
- Type
- article
- Field-Weighted Citation Impact
- 0.00
Funders
- U.S. Department of Energy
- National Energy Technology Laboratory