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Calpine and ExxonMobil Sign CO2 Transportation and Storage Agreement for CCS Project in Texas

LCG, April 24, 2025--Exxon Mobil Corporation (ExxonMobil) announced yesterday an agreement with Calpine Corporation (Calpine) to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a natural gas-fired facility located near Houston, Texas. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to add CCS for the facility’s CO2 emissions. The Calpine facility could then provide a 24/7 supply of low-carbon electricity to the Texas grid plus steam to nearby industrial facilities.

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Doral Renewables Selects NovaSource as Partner to Deploy the 1.6-GWdc Mammoth Solar Project in Indiana

LCG, April 21, 2025--NovaSource Power Services ("NovaSource") recently announced that it has partnered with Doral Renewables and has been selected as the Operations and Maintenance ("O&M") and Generator Operator ("GO") for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the United States.

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Industry News

UK Regulator Takes Measures to Avoid Blackouts

LCG, Nov. 22, 2002--Power prices have been dropping in the United Kingdom, leading power suppliers to shut down generating units, to the point where the Office of Gas and Electricity Markets (Ogfem) has assisted in negotiations between the largest power plant and the power transmission system.

The actions taken by Ogfem, covering a five-day period, come on the heels of TXU Europe's filing for bankruptcy this week. Losses by TXU Europe and a frail British Energy have led some to claim that despite appearances of a supply glut of 30% above highest anticipated demand, reliability of the country's power supply may be less than simple numbers would indicate. Ogfem has been saying that power prices are low because there are too many generators.

Wholesale power markets have been deregulated for the past year, but retail prices are not capped as they have been in California. One source quoted by Dow Jones Newswires thought that the measures taken by Ogfem were political. "No one, at this particular time, wanted to see the grid forcing (companies) to stop using electricity because supplies were low," the source said.

Peter Atherton, an analyst with Salomon Smith Barney, said "Yes, there may be less readily available supply than some people would think based on the figures, but the system is still flexible enough to handle any major outages even when reserves appear low."
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