Carbon capture and storage

IEEFA Research

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project

With ASX enforcing continuous disclosure provisions gas companies must release modelling on carbon price sensitivity

14 April 2021 (IEEFA Australia): Investors are in the dark about the financial implications of emissions from Woodside’s proposed Scarborough gas field in the offshore North West Shelf, Western Australia, as the company has yet to release its carbon price sensitivity modelling, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

Four projects totaling 950 megawatts will replace San Juan Generating Station; likelihood of coal plant carbon-capture retrofit further diminished

October 12, 2020 (IEEFA) — An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. PNM’s […]

and October 12, 2020 Read More →
IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

Barriers include recent failure of similar experimental project, oppositional market forces, no known investors, no customer base, nowhere to sequester emissions

Sept. 16, 2020 (IEEFA) — The proposed retrofit with carbon capture technology of a coal-fired power plant in San Juan County, N.M., shows dwindling chances of success, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The analysis concludes that the plan is most likely a lost […]

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

Red flags for investors - risks for Enchant Energy’s initiative in New Mexico and Project Tundra in North Dakota

August 3, 2020 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that the abrupt recent shutdown of the Petra Nova coal-fired carbon capture plant in Texas should be seen as a strong signal for investors to avoid such projects. The report—Petra Nova Mothballing Post-Mortem: Closure […]

IEEFA Australia: Carbon capture and storage is a poor investment

More money and emissions spent on projects than in storing carbon

2 July 2020 (IEEFA): Australia is pondering carbon capture and storage despite poor outcomes from the only two projects operating world-wide and a lack of revenue generated in lieu of a carbon price, finds a new IEEFA briefing note. Author of the note Clark Butler says from a financial perspective, carbon capture and storage (CCS) […]

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

‘Rational investors or regulators’ are unlikely to back Enchant Energy

Feb. 12, 2020 (IEEFA) — A proposal to turn the San Juan Generating Station in northwestern New Mexico into a carbon-capture project is doomed by core flaws in the business model put forth by its promoter, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report, Enchant’s Proposed CCS […]

IEEFA U.S.: Carbon-capture pitch raises ‘false hope, fiscal risk’ for New Mexico town

IEEFA U.S.: Carbon-capture pitch raises ‘false hope, fiscal risk’ for New Mexico town

Company tied to New York vulture capital ‘not a credible business partner;’ Enchant Energy Corp. seeks $5.8 million federal grant for itself and associates

July 12, 2019 (IEEFA) — A novice company’s push to create a partnership with the City of Farmington, N.M., that would attempt to turn a closing coal-fired power plant into a carbon capture experiment would put the town at financial risk, concludes a report published today by the Institute for Energy Economics and Financial Analysis. […]

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

IEEFA report: ‘Holy Grail’ of carbon capture continues to elude coal industry; ‘cautionary tale’ applies to domestic and foreign projects alike

Study details lack of economic feasibility around North American initiatives; costly and/or failed efforts at Duke’s Edwardsport, NRG’s Petra Nova, SaskPower’s Boundary Dam, and Southern Co.’s Kemper plant; technology seen as unworkable and too expensive for fast-changing electricity-generation markets

Nov. 19, 2018 (IEEFA) — A study published today by the Institute for Energy Economics and Financial Analysis concludes that costly efforts undertaken in North America to develop workable, economic technology to capture carbon from coal-fired generation have come up short. Further, the study concludes that technology developments in the renewable energy and natural gas sectors […]

More News and Commentary

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project
and

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project

With ASX enforcing continuous disclosure provisions gas companies must release modelling on carbon price sensitivity

14 April 2021 (IEEFA Australia): Investors are in the dark about the financial implications of emissions from Woodside’s proposed Scarborough gas field in the offshore North West Shelf, Western Australia, as the company has yet to release its carbon price sensitivity modelling, finds a new report by the Institute for Energy Economics and Financial Analysis […]

U.S. oil production not likely to top pre-pandemic levels—Occidental

CNBC: Occidental CEO Vicki Hollub said Thursday that she doesn’t envision U.S. oil production returning to pre-pandemic highs. “I do believe that most companies have committed to value growth, rather than production growth,” she said during a CNBC Evolve conversation with Brian Sullivan. “And so I do believe that that’s going to be part of […]

March 5, 2021 Read More →

Enel to phase out gas as part of 2050 net zero pledge, dismisses carbon capture options

S&P Global Market Intelligence ($): Enel SpA is planning to entirely phase out natural gas from its portfolio as it shoots for a net-zero emissions target, arguing that technology to capture carbon has proven to be a bad bet in energy companies’ quest to decarbonize. “We have a net-zero target for 2050. That’s clearly a […]

February 1, 2021 Read More →

NRG to mothball gas plant that powered Petra Nova carbon capture project

Reuters: NRG Energy Inc will shut down indefinitely the power source for what had been the only U.S. project capturing carbon from a coal-fired generator until it was idled last year, a spokesman said on Friday. The company notified the Texas grid operator, ERCOT, on Wednesday that the Petra Nova gas plant would be mothballed […]

February 1, 2021 Read More →

IEEFA India: The false promise of ‘second life’ coal

India risks Rs4 trillion new investment in yet more stranded fossil fuel assets

Federal Home Minister Amit Shah’s suggestion that India should invest 4 trillion rupees (US$55billion) in expanding new and existing coal mines, as well as high-risk, speculative, domestic ‘clean coal’ projects over the next decade to create a hoped for ‘second life’ is, in our view, entirely inconsistent with the country’s policy direction and ignores the […]

January 19, 2021 Read More →

U.S. DOE report concludes carbon capture at Colstrip coal plant ‘not financially attractive’

E&E News: High operating and capital costs could make carbon capture, utilization and storage “not financially attractive” at a large coal plant visited by Energy Secretary Dan Brouillette this month, according to a Department of Energy analysis recently made public. According to the report, which was conducted by DOE and Leonardo Technologies Inc., capturing and […]

October 26, 2020 Read More →
IEEFA: New Mexico’s biggest utility moves forcefully toward solar
and

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

Four projects totaling 950 megawatts will replace San Juan Generating Station; likelihood of coal plant carbon-capture retrofit further diminished

October 12, 2020 (IEEFA) — An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. PNM’s […]

and October 12, 2020 Read More →
IEEFA Webinar: ICYMI Project Tundra carbon capture report
, and

IEEFA Webinar: ICYMI Project Tundra carbon capture report

Retrofitting aging Milton R. Young coal plant Unit 2 with CCS makes little economic sense

October 9, 2020 (IEEFA U.S.) ‒ In case you missed it (ICYMI), Director of Resource Planning Analysis, David Schlissel and analyst/editor Dennis Wamsted presented webinars October 6 and 7 on IEEFA’s report Project Tundra: A Step In the Wrong Direction. Carbon Capture and Storage (CCS) is often promoted as a technology that brings benefits to […]

and

IEEFA Webinar: Project Tundra carbon capture plan carries large risks for Minnkota co-ops

Lead author David Schlissel will present his research findings in an online briefing

On Wednesday, October 7th at 5:00 p.m. Central (6:00 p.m. EDT), IEEFA’s Director of Resource Planning Analysis, David Schlissel will present the report: Project Tundra: Carbon Capture Project A Step in the Wrong Direction Carbon Capture and Storage (CCS) is often promoted as a technology that brings benefits to business, local communities and the environment. […]

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant
, and

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]