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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

ISO New England Submits Generator Incentive Proposal

LCG, Mar. 2, 2004--The Independent System Operator New England (ISO NE) has developed a proposal for review by the Federal Energy Regulatory Commission (FERC) concerning payments to generators to provide them incentives to operate in areas around Boston and Connecticut that are vulnerable to congestion.

The grid operator would like its proposal to be implemented June 1, although FERC may request changes to the plan. The general idea of the incentive system has received the agency's support previously. The chief executive of the ISO, Gordon van Welie, has said that the plan relies in part on market-based payments to generators, instead of negotiated payments entirely. Some plants are operating but losing money, under "reliability must run" orders issued by the ISO.

The attorney general of Massachusetts, Thomas F. Reilly, has expressed skepticism that the amount of incentives are justified. Utility NStar Electric's spokesman Michael Durand was quoted in the Boston Globe as saying the plan, which NStar estimates could lead to a 7 per cent increase rate hike for its customers, "would cost our customers too much money."

According to van Welie, the plan tries to address the problems of siting and past investment decisions that have left some regions with more power than they require, while others are vulnerable to problems of insufficient transmission and higher prices.
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