Google and NextEra Advance Carbon Capture Initiatives Amid Cost Challenges
Google's partnership with Low Carbon Infrastructure for a carbon capture facility in Illinois underscores the potential for CCS in the U.S. However, high costs and regulatory uncertainties continue to hinder widespread adoption across the sector.
Google has signed a deal to purchase electricity from a planned 400 MW natural gas plant equipped with carbon capture and storage (CCS) in Illinois, marking the beginning of a collaboration with Low Carbon Infrastructure to develop further CCS facilities in the U.S. NextEra has also partnered with ExxonMobil to create gas-fired plants with carbon capture for data centers.
AI-curated by TheiaDespite these initiatives, many tech companies have postponed CCS projects due to estimated costs of $20 to $30 per megawatt hour, which could double power production costs. In contrast, CCS at ethanol facilities can be economically viable due to lower costs and tax credits.
Meanwhile, the EU is facilitating CCS projects through funding and regulatory frameworks, aiming for substantial carbon storage capacity by 2030. The ongoing development of infrastructure and supportive policies will be crucial for CCS deployment and market acceptance.
Comments