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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

Boundary Dam CCS Project Begins Operations

LCG, October 7, 2014-SaskPower announced Thursday the official opening of its Boundary Dam Power Station, a coal-fired, 110-MW unit now equipped to capture 90 percent of the carbon dioxide produced during combustion. The project, located in Estevan, Sakatchewan, is the largest commercial-scale, carbon capture and storage (CCS) facility in the world and will capture up to a million tonnes of carbon dioxide annually.

At the Boundary Dam Power Station, the captured carbon dioxide will be compressed and transported via a 40-mile pipeline to the Weyburn oilfield, where it will be used for enhanced oil recovery (EOR). The carbon dioxide will be purchased by Cenovus under a ten-year agreement for use in its oil fields. Cansolv Technologies Limited, a subsidiary of Shell, developed the amine-based carbon capture process (CANSOLV) used to retrofit Unit 3 at the Boundary Dam Power Station.

Canada's Minister of Natural Resources stated, "Today's announcement - a world first - demonstrates Canada's leadership in developing clean energy technology. Saskatchewan's Boundary Dam project is a prime example of Canadian expertise helping reduce emissions, while growing the economy."

The CEO of the Carbon Capture and Storage Association said, "The launch goes beyond a single project. SaskPower has made significant progress in making a valuable contribution to demonstrating a viable technical, environmental and economic case for the application of CCS to power plants. It is hoped that Boundary Dam will form part of a much needed commercial proof point that the economics make sense."

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