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April 27, 2024

carbon capture and storage (CCS)

EPA
EPA Power Plant Rules Squeeze Coal Plants; Existing Gas Plants Exempt
Coal-fired power plants nationwide will either have to close by 2039 or use carbon capture and storage or other technologies to capture 90% of their emissions by 2032 under EPA’s long-awaited final rule.
© RTO Insider LLC
BNEF Summit: Oil, Gas Execs Argue for Key Role in Energy Transition
A series of presentations and panels at the BloombergNEF Summit provided a measure of the industry’s success in crafting a narrative based on a balanced and well-paced transition that includes cutting egregious emissions and scaling carbon capture and storage technologies. 
BloombergNEF
BNEF Summit Focuses on Financing Energy Transition, Fast and Slow
Global investment in passenger electric vehicles was up 36% in 2023, investment in energy storage jumped 77%, and investment in carbon capture and storage nearly doubled.
Shutterstock
Energy Department Offers $6 Billion for Industrial Decarbonization
The U.S. Department of Energy announced $6 billion in funding for 33 projects that are meant to help decarbonize difficult-to-abate, energy-intensive industries. 
Minnkota Power Cooperative
DOE Announces $890M in IIJA Funds for CCS Demonstration Projects
Coming on the heels of COP28 in Dubai - and its weak call for a reduction in fossil fuel use - some researchers and advocates continue to argue that the normalization of CCS will simply prolong the burning of fossil fuels and the emissions they produce.
FERC
FERC Dives into Reliability Implications of EPA’s Power Plant Rule
FERC hosted a senior EPA staffer and heard from the industry and states on how the environmental regulator's latest proposal to cut carbon emissions from  power plants will impact grid reliability as it is implemented.
Shutterstock
DOE Announces $500M in IIJA Funds for CO2 Pipeline Buildout
DOE grants will be used to help developers make up the difference in cost between building CO2 pipelines for current demand versus projected future demand.
NRG Energy
Carbon-capture Plant Coming Back into Service
The Petra Nova carbon-capture facility’s owner has told ERCOT that it plans to bring the plant out of mothballs and into year-round service in June.
© RTO Insider LLC
Overheard at the GCPA Spring Conference
The Gulf Coast Power Association’s annual spring conference revolved around how Texas and its coastal region can become a hotspot for energy innovation.
Cleco
Cleco CCS Project Looks to Beat Carbon Mandates
Cleco’s Diamond Vault carbon sequestration project is in the thick of an engineering study that will determine the project’s design and construction.

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