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California Resources Corporation and Capital Power to Explore Decarbonized Power Solutions in California
CRC’s Carbon TerraVault and Capital Power Sign MOU to Explore Transportation and Sequestra...
About this update from Capital Power Corporation
[{"type":"text","content":"California Resources Corporation and Capital Power to Explore Decarbonized Power Solutions in California\n\n\n\n\n CRC’s Carbon TerraVault and Capital Power Sign MOU to Explore Transportation and Sequestration of up to 3 Million Metric Tons of CO\n \n\n\n 2\n \n\n\n Emissions Per Year\n \n\n\n\n New MOU Demonstrates Rising Interest in Carbon TerraVault’s Power-to-CCS Solution\n \n\n\n LONG BEACH, Calif., Nov. 04, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced a Memorandum of Understanding\n \n 1\n \n (MOU) with Capital Power (TSX: CPX) to provide carbon management services for CPX’s La Paloma generation facility in Kern County, California.\n \n\n\n\n Highlights:\n \n\n\n\n\n CTV and CPX plan to jointly evaluate and develop carbon capture and sequestration (“CCS”) solutions for the La Paloma facility — a 1.1 gigawatts (GW) natural gas combined cycle generation facility in Kern County\n \n\n CTV intends to evaluate serving as the exclusive transportation and sequestration services provider for up to 3 million metric tons per annum (MMTPA) of captured carbon dioxide (“CO\n \n 2\n \n ”), supporting California’s broader decarbonization goals\n \n\n CTV and CPX plan to jointly evaluate potential data center sites, power infrastructure needs, regulatory permitting, and further integration opportunities\n \n\n\n\n “This MOU with Capital Power represents a promising opportunity to advance California’s decarbonization goals and demonstrates the growing demand for reliable, scalable carbon management solutions,” said Francisco Leon, CRC’s President and Chief Executive Officer. “By supplementing Capital Power’s generation capabilities with CRC’s strategically located storage infrastructure and technical expertise, we can help accelerate low-carbon power generation across the Golden State.”\n \n\n “Partnering with Carbon TerraVault highlights our commitment to practical, technology-driven solutions that accelerate the transition to a lower-carbon energy future,” said Avik Dey, President and Chief Executive Officer of Capital Power. “Together, we hope to drive innovation that makes sustainable energy more a...