August 5, 2020 Read More →

Texas CCS project fell short of carbon, EOR targets

Financial Times ($):

It sounded almost too good to be true: coal-fired power plants capturing a significant chunk of their own CO2 emissions, and perhaps even cashing an extra cheque for investors while they’re at it. Petra Nova, the carbon capture unit connected to one of NRG Energy’s coal-fired plants — and the only one of its kind in the US — was hailed as a way to make brown energy (at least a little bit) greener.

But a few months ago, NRG mothballed the carbon capture operations at the facility, a move that should set off alarm bells for investors according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). 

“It’s . . . a warning signal, [like] when you’re coming up on a railroad track, and it’s just flashing, ‘do not go’,” said David Schlissel, director of resource planning analysis at the organisation.  

[Aziza Kasumov]

More: Coal’s ‘green’ darling project is put on hold

Posted in: IEEFA In the News

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