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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

British Government Considers Nuclear Takeover

LCG, January 23, 2003-British officials are considering taking over a nuclear generation company in the United Kingdom because of its financial troubles.

British Energy PLC, which received a large loan late last year, has been having difficulty due in part to low wholesale power prices. The company announced a loss of £337 million ($546 million) during the six months up to September of last year.

Also last year, the United Kingdom took steps to deregulate its energy markets, but now the House of Commons may even change the law in order to allow the nuclear company to file for bankruptcy and come under government supervision.

Loans to the nuclear generation company were questioned by European and Canadian companies because some considered the £410 million loan to be unfair assistance and unapproved by the European Commission. The European Commission later did approve aid to the energy company, but environmental groups such as Greenpeace still oppose the aid because of safety and cost issues, contending that British nuclear generation is dangerous and not cost efficient.

British senior ministers will discuss possibilities today and may stop new nuclear construction for up to five years.

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