Business

California Resources Corporation and Middle River Power to Advance Decarbonized Power Solutions in California

New MOU Marks Strategic Alliance Between CRC and a Key California Power Producer with Proximity to Silicon ValleyLONG BEACH, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced a Memorandum of Understanding1 (MOU) with Middle River Power, LLC (MRP), an independent power producer and asset management company, to provide carbon transportation and sequestration services for MRP power faci

articleCalifornia Resources CorporationDecember 16, 20256/company/california-resources-corp/news/california-resources-corporation-middle-river-140000932
California Resources Corporation and Middle River Power to Advance Decarbonized Power Solutions in California

About this update from California Resources Corporation

[{"type":"image","alt":"California Resources Corporation","displaySize":"","headline":null,"caption":"California Resources Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":55,"url":"https://media.zenfs.com/en/globenewswire.com/bc19f1aaf9b24b4202d16f159ab03df1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bTWiAm23v7OseFyweaJZFw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc3O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/bc19f1aaf9b24b4202d16f159ab03df1","width":300,"height":55}},"lazy":false},{"type":"text","content":"New MOU Marks Strategic Alliance Between CRC and a Key California Power Producer with Proximity to Silicon Valley","length":113,"tagName":"p"},{"type":"text","content":"LONG BEACH, Calif., Dec. 16, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced a Memorandum of Understanding1 (MOU) with Middle River Power, LLC (MRP), an independent power producer and asset management company, to provide carbon transportation and sequestration services for MRP power facilities in California. Importantly, this is CRC’s first MOU1 to provide carbon management services for a brownfield power facility located in Northern California.","length":548,"tagName":"p"},{"type":"text","content":"Highlights: ","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"CTV and MRP plan to jointly evaluate and develop carbon capture and sequestration (“CCS”) solutions, with an initial focus on two MRP power facilities: the 850 megawatt (MW) High Desert plant (Victorville, CA) and the 330 MW San Joaquin Energy Center (Tracy, CA). These facilities produce up to 2.1 million metric tons per annum (MMTPA) and 0.65 MMTPA of carbon dioxide (CO₂) emissions, respectively.","length":400,"tagName":"p"}]},{"val":[{"type":"text","content":"CTV to serve as the exclusive CO2 transportation and sequestration services provider for the foregoing MRP power facilities in California.","length":138,"tagName":"p"}]},{"val":[{"type":"text","content":"MRP to ensure the safe and reliable operation of the power and CO₂ capture facilities, leveraging its track record of delivering innovative, optimized power solutions to support energy transition goals.","length":202,"tagName":"p"}]},{"val":[{"type":"text","content":"CRC an...

More updates from California Resources Corporation

carbon managementindependent power producerCaliforniaenergy transitionNorthern CaliforniaMiddle Riverasset management companyMRPMiddle River PowerRiver PowerMOUcarbon capture