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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

Davis Heads for Washington Power Confab

LCG, Jan. 9, 2001California Gov. Gray Davis was in Washington today for an evening conference with President Clinton and senior administration officials, aimed at coming to grips with the deepening electric power crisis in the Golden State.

Davis will meet with the president, Gene Sperling, who is director of the National Economic Council, Energy Secretary Bill Richardson and Treasury Secretary Lawrence Summers. Together, they hope to reach a solution to the crisis threatening electric service in California and has pushed the state's two largest utilities to the brink of bankruptcy.

Officials from the two companies Pacific Gas & Electric Co. and Southern California Edison Co. were also expected to participate in the conference, along with James Hoecker, chairman of the Federal Energy Regulatory Commission.

Yesterday in Wyoming, Richardson said "Tomorrow, everybody needs to give a little -- the California utilities, the state government." The two utilities contend they have nothing more to give. They have subsidized their customers to the tune of $12 billion and have almost no cash left to buy more power.

Any massive dislocation in the California energy sector would have national implications. By itself, the state is the world's sixth-largest economy, ranking just behind Great Britain and ahead of Italy. Last week the White House acknowledged that a ripple effect could hit the nation's big banks and other groups.

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