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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

EIA Issues Summary of Planned Power Generation Retirements for 2025

LCG, February 25, 2025--The EIA today issued an analysis of planned utility-scale power generation retirements in 2025. Total retirements for the U.S. are estimated to be 12.3 GW, a significant increase relative to 2024, when 7.5 GW of capacity was retired.

In 2025, planned coal-fired electric generation capacity retirements total 8.1 GW, which accounts for two-thirds of planned retirements (66%), followed by natural gas-fired (21%) and petroleum-fired (13%) facilities.

The largest planned coal plant retirement for 2025 is the 1,800-MW Intermountain Power Project (IPP) in Utah, where an 840-MW natural gas (and hydrogen) fueled combined-cycle power block is planned to commence operations this summer. Two other planned large coal plant retirements are J H Campbell (1,331 MW) in Michigan and Brandon Shores (1,273 MW) in Maryland.

Natural gas-fired planned unit retirements in 2025 are primarily simple-cycle turbine units, which have a low efficiency. In addition, old, inefficient steam units, like V H Braunig Units 1, 2, and 3 (859 MW) in Texas and Eddystone Units 3 and 4 (760 MW) in Pennsylvania, are planned for retirement in 2025.

Looking into the future, planned retirements are not necessarily a given. For example, Georgia Power, a Southern Company subsidiary, recently filed its 2025 Integrated Resource Plan (IRP) with the Georgia Public Service Commission (PSC). To maintain reliable and economical electric service, Georgia Power stated it must continue to invest in its foundational resources, which includes continuing the operation of coal-fired Plant Bowen Units 1-4, and extending the operation of approximately 1,100 MW at Plants Scherer (coal-fired) and Gaston (natural gas-fired) beyond the previous target of December 31, 2028 to 2034 or later.

The uncertainty in unit retirements has increased in part due to the election results and the new Administration, which has goals to demonstrate national energy dominance, reduce regulatory hurdles and accelerate growth in the U.S. economy (which would increase the demand for electricity). Furthermore, the new Administration supports the development and production of fossil fuels and may reduce support to renewable power.
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