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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

Panda Power Funds Announces Financing Milestone for the Hummel Station Combined-Cycle Project in Pennsylvania

LCG, October 29, 2015-Panda Power Funds announced yesterday that it has completed financing for the 1,124-MW Hummel Station power project in central Pennsylvania. The gas-fired project is expected to supply load centers, including Philadelphia and New York City and is scheduled to achieve commercial operation in the first quarter of 2018.

The Hummel Station project will be constructed on the site of the recently retired, coal-fired Sunbury Steam Plant, located near Shamokin Dam in Snyder County, Pennsylvania. The new combined-cycle facility will occupy an 18-acre parcel of the 192-acre Keystone Opportunity Expansion Zone. The project site provides access to Marcellus Shale gas through the Marc I, Regency and Transcontinental regional gas pipelines. The new plant will interconnect to the pipelines through a planned 35-mile lateral extension.

The power island will be provided by Siemens, and it will consist of three SGT6-5000F gas turbines, one SST6-5000 steam turbine, three SGen6-1000A air cooled generators as part of the gas turbine package, one hydrogen cooled SGen6-2000H generator as part of the steam turbine package, three NEM DrumPlus HRSGs and the SPPA-T3000 control system. Bechtel has been selected by Panda Power Funds to build the project.

Goldman Sachs, ICBC and Investec acted as joint lead arrangers for the senior debt financing of the plant, raising $710 million. Panda Power Funds is supplying equity for the project, together with large institutional co-investors, including Siemens Financial Services (SFS), which is investing $125 million in the Hummel Station project.
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