Carbon TerraVault And Net Power Sign MOU To Develop Low Carbon, Reliable Power Solutions In California
Carbon TerraVault And Net Power Sign MOU To Develop Low Carbon, Reliable Power Solutions In California
Under the terms of the MOU, the parties plan to conduct feasibility studies on locating Net Power's facilities in proximity to CTV's underground storage vaults, which would reduce carbon dioxide (CO2) transportation costs and midstream investments for CTV's operations. The parties plan to facilitate the initial deployment of up to 1 gigawatt (GW) of power capacity from Net Power's new modular plants in Northern California, resulting in up to 3.6 million metric tons per annum (MMTPA) of CO2 emissions for permanent sequestration in CTV's nearby reservoirs. Each of Net Power's utility-scale modular plants is expected to require less than 20 acres, generate up to 250 megawatts, and be deployable in multi-plant configurations.Net Power's Greenfield Facilities Initially Target up to 1GW of Reliable, Low Carbon Baseload Power
Net Power的綠地設施最初目標是提供高達1GW的可靠、低碳基礎負荷電力
Carbon TerraVault Expected to Transport and Sequester up to 3.6 Million Metric Tons of CO2 Emissions Annually
Carbon TerraVault預計每年運輸和封存高達360萬公噸的二氧化碳排放
LONG BEACH, Calif. and DURHAM, N.C., Dec. 09, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC), and its carbon management business, Carbon TerraVault (CTV), today announced the signing of a Memorandum of Understanding (MOU) with Net Power Inc. (NYSE:NPWR), to develop Net Power's ultra-low emission power plants in California1.
長灘，加州和達勒姆，北卡羅來納州，2024年12月09日（環球新聞）——加州資源公司（紐交所：CRC）及其碳管理業務Carbon TerraVault（CTV）今天宣佈與Net Power Inc.（紐交所：NPWR）簽署諒解備忘錄（MOU），以開發Net Power在加州的超低排放發電廠1。
Under the terms of the MOU, the parties plan to conduct feasibility studies on locating Net Power's facilities in proximity to CTV's underground storage vaults, which would reduce carbon dioxide (CO2) transportation costs and midstream investments for CTV's operations. The parties plan to facilitate the initial deployment of up to 1 gigawatt (GW) of power capacity from Net Power's new modular plants in Northern California, resulting in up to 3.6 million metric tons per annum (MMTPA) of CO2 emissions for permanent sequestration in CTV's nearby reservoirs. Each of Net Power's utility-scale modular plants is expected to require less than 20 acres, generate up to 250 megawatts, and be deployable in multi-plant configurations.
根據諒解備忘錄的條款，各方計劃對將Net Power的設施設在CTV的地下儲存庫附近的可行性進行研究，這將降低二氧化碳（CO2）運輸成本和CTV運營的中游-腦機投資。各方計劃促進從Net Power新模塊化工廠在北加州的初步部署，提供高達1吉瓦（GW）的電力容量，從而使CTV附近的水庫永久封存高達360萬公噸（MMTPA）的二氧化碳排放。Net Power的每個公用事業規模模塊化工廠預計需要不到20英畝，產生高達250兆瓦的電力，且可進行多工廠配置部署。
