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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

Sale of Brazil Utility Copel Delayed

LCG, Oct. 31, 2001--The government of the state of Parana in Brazil yesterday postponed today's privatization sale of 88.64 percent of its Companhia Paranense de Energia (Copel) because none of the qualified bidders had deposited financial guarantees.

The Parana state government said in a news release that a new sale date would be established as soon as legal conditions are met and a state official said that could be as soon as November 12. In its statement, Parana said the new deadline for financial guarantees would be November 6.

Not everyone saw the delay as a bad thing. "There is more time now for companies to unite in consortiums," said Andre Segadilha, a Brazilian electricity sector analyst. The postponement will also give the state of Parana time to deal with two court injunctions blocking the sale.

One company -- Brazilian mining giant Vale do Rio Doce -- said it would drop out of a consortium with the industrial firm Votorantim, but it was unknown whether the latter would proceed alone or try to find another partner.

Belgium's Tractebel remains the leading bidder for Copel.

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