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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

Eight Utilities Propose Energy Efficiency Investments to Reduce Carbon Emissions

LCG, September 28, 2007--Eight major electric utilities are proposing energy efficiency as a means to reduce future carbon (and other) emissions while serving customers. Duke, Con Edison, Edison International, Great Plains Energy, Pepco Holdings Inc., PNM Resources, Sierra Pacific Resources and Xcel Energy yesterday announced a proposal to increase their investment in energy efficiency by $500 million per year to $1.5 billion if they can achieve regulatory changes to encourage conservation.

Jim Rogers, chairman, president and chief executive officer of Duke Energy stated, "There has been a chronic underinvestment in energy efficiency in our country. We are determined to fix that, by creating the innovative regulatory frameworks that leverage technology to address climate change, reduce power demand and keep our customers' power bills as low as possible."

Collectively, the eight utilities serve almost 20 million customers in twenty-two states. Together, they plan to invest approximately $1 billion annually over the next 3 years and about $1.5 billion annually in years four through ten, with an expectation to reduce carbon dioxide emissions approximately 30 million tons annually in the latter years. The utilities propose to work collaboratively with policymakers and other stakeholders to overcome regulatory barriers that may discourage utility investment in energy efficiency today.

The eight utilities, along with the Edison Electric Institute, also plan to create a new organization, the Institute for Electric Efficiency (IEE), that will promote the sharing of information, ideas and experiences on effective means of delivering energy efficiency.
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