Carbon capture developer NET Power announced plans to build the world’s first utility-scale, zero-emissions natural gas plant.
NET Power has proved the success of its innovative carbon capture technology at a La Porte, Texas demonstration plant.
The new plant will utilize this tech, which burns natural gas with pure oxygen, producing just CO2 and water. The CO2 is used to turn the turbine and is then recycled back into the combustor, allowing the facility to capture and reuse its own emissions.
NET Power’s new zero-emissions plant will be built near Odessa, Texas and is expected to go online in 2026.
Plug in: ClearPath CEO Rich Powell explains in depth how NET Power’s technology works in under four minutes.
2. Conservative climate solutions on the global stage
This week, delegates from around the world will discuss global climate action at the annual Conference of the Parties (COP) meeting in Sharm El-Sheikh, Egypt.
COP27 will focus on reducing carbon emissions and building more resilient communities around the globe.
Last year, the Conservative Climate Foundation (CCF), an educational nonprofit of which ClearPath is a founding member, brought a first-of-its-kind Congressional delegation (CODEL) of four House Republicans to COP, and this year will bring six. The CODEL includes:
Rep. Dan Crenshaw (R-TX)
Rep. John Curtis (R-UT)
Rep. Garret Graves (R-LA)
Rep. Mariannette Miller-Meeks (R-IA)
Rep. Greg Murphy (R-NC)
Rep. Tim Walberg (R-MI)
Plug in: Read more about the history of COP and what is in store for this year’s meeting in our newest blog post.
While there is public and private demand for CDR, the right policies are needed to ensure the technology’s success;
Policymakers should prioritize market-based solutions over public funding; and
Reverse auction policies, which allow the most efficient technologies to receive the most funding, are ideal for CDR.
What’s clear: Researching, developing, demonstrating, and bringing CDR technologies to market is going to take time. In order to efficiently meet CDR needs, private sector investment is an important part of the commercialization of a broad CDR portfolio.
4. U.S. and UAE collaborate on clean energy
The U.S. and United Arab Emirates have joined forces on a strategic partnership to accelerate deployment of clean energy technology, including carbon management, advanced nuclear, and industrial decarbonization, utilizing $100 billion in funding.
Developing, financing, and deploying clean energy in the U.S., UAE, and emerging countries;
Accelerating investment in and development of carbon capture and other carbon management technologies;
Promoting advanced nuclear as a crucial clean energy technology in the power sector and other hard-to-abate sectors; and
Encouraging collaboration on decarbonization across all sectors by 2030.
What’s clear: By collaborating with ally nations, the U.S. will be able to maintain clean energy leadership over adversaries like Russia and China.
5. TX’s multi-million ton DAC project
Occidental subsidiary 1PointFive is once again teaming up with Canadian clean technology company Carbon Engineering to build multiple direct air capture (DAC) facilities capable of multi-million metric ton deployments.
Carbon Engineering announced it has begun front-end planning and engineering for a new DAC plant at a site in Kleberg County, Texas.
This new site is expected to provide access for potential construction of multiple DAC facilities that would be capable of collectively removing up to 30 million metric tons of CO2 from the air.
The new plant will be adapted from the two companies’ first large-scale commercial facility, the DAC 1 plant in the Permian Basin, which will capture 1 million metric tonnes of CO2 per year when commissioned in 2024.
What’s clear: While still in its early stages, DAC has garnered massive interest from both the private and public sectors.
Plug in: Our CEO Rich Powell explains what’s on the path ahead for DAC in 5 minutes.
6. ICYMI
In a Washington Examiner op-ed, Reps. Duncan (R-SC) and Obernolte (R-CA) emphasize the importance of a diverse energy portfolio and unleashing American resources to ensure Americans have access to clean, reliable, affordable energy.
A coalition of major utilities in AL, GA, KY, NC, SC, and TN have announced a plan to pursue federal funding for a Southeast Hydrogen Hub.
Our Program Manager Savvy Bowman appeared on carbon removal company Nori’s podcast alongside Karly Matthews of ACC to discuss what’s ahead for CDR policy in the next Congress.
Climate organization TerraPraxis and advanced nuclear developer Terrestrial Energy have signed a Letter of Intent to cooperate on Repowering Coal, a program focused on utilizing coal plant infrastructure to build new clean energy projects.
That’s all from us. Thanks for reading and have a great weekend!
