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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

Four Big Utilities to Form Internet Transmission Market

LCG, July 18, 2000--Four major electric utilities yesterday announced plans to launch an independent, Internet-based electric transmission exchange that offers a single gateway, or portal, for arranging transmission capacity.

American Electric Power Co. Inc., Carolina Power & Light Co., Duke Energy Corp. and Unicom Corp. said they would introduce "an easier, faster way to reserve, schedule and move wholesale energy."

The companies said the transmission exchange will be open for use by any group in the energy industry, including power marketers, merchant generators, electric utilities, municipalities, electric cooperatives and energy aggregators. The also expect independent system operators and other regional transmission organizations to use the exchange.

Currently, transmission providers frequently use a commercial bulletin board called an Open-Access Same-Time Information System, or OASIS, to post approved transmission reservations and available transfer capacity. More than 170 OASIS sites exist across the United States and multiple transactions are often required before a customer can ultimately move energy.

"The OASIS systems in operation today are almost four years old, difficult to use, and are limited interms of the information that can be posted on them," said Vito Stagliano, vice president of transmission policy, planning and service with Unicom. "This venture will develop a next generation system marketable to newly forming regional transmission organizations that are expected to emerge as a result of FERC Order 2000."

The companies said the transmission exchange is in the formative stages, focused on defining what it will offer and selecting the technical means to put it together. The Boston Consulting Group has been selected to assist in the development of the exchange and the selection of the technology provider.

If all goes well, the new transmission exchange would become operational by the end of this year.

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