The power plants developed by Net Power are expected to generate energy with significantly reduced carbon emissions. Credit: Elena Eliachevitch / Shutterstock.

California Resources, its carbon management division Carbon TerraVault (CTV) and Net Power have signed a memorandum of understanding (MoU) to advance low-carbon power solutions in California.

The collaboration aims to integrate Net Power’s ultra-low emission power plants with CTV’s carbon capture and storage infrastructure, potentially reducing CO₂ transportation costs and facilitating the deployment of up to 1GW of power capacity.

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The agreement entails feasibility studies to explore the potential of situating Net Power’s facilities near CTV’s underground storage vaults.

This strategic placement is intended to diminish CO₂ transportation expenses and midstream investments for CTV’s operations.

The initial rollout could deliver one GW of power capacity from Net Power’s new modular plants in Northern California, potentially sequestering up to 3.6 million metric tonnes of CO₂ emissions annually in CTV’s nearby reservoirs.

Net Power’s utility-scale modular plants are designed to occupy less than 20 acres each, with the capability to generate up to 250MW.

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They can be deployed in multi-plant configurations, aligning with the partnership’s goal to support California in reducing greenhouse gas emissions and providing new, reliable energy sources.

The power plants developed by Net Power are expected to generate energy with significantly reduced carbon emissions, aligning with California’s stringent air quality standards and emissions targets.

The technology aims to eliminate almost all carbon emissions and drastically reduce air pollutants, including nitrogen oxides and sulphur oxides.

The MoU signifies Net Power’s first foray into the Californian power market and establishes CTV as a key strategic partner in the deployment of Net Power’s technology.

Including this agreement, CTV’s carbon capture and sequestration projects under consideration could capture 7.8 million metric tonnes of CO₂ emissions and enable up to 2.1 GWs of new, low-carbon power capacity in the state.

Net Power CEO Danny Rice stated: “CTV is an industry leader in advancing responsible and safe carbon sequestration in California, and we look forward to collaborating with them and local stakeholders to responsibly unlock the full potential of CTV’s world-class assets.

“CTV possesses the resource potential to support the deployment of many Net Power facilities in California.

“This partnership can strengthen California’s pathway to achieve its environmental and energy goals while attracting new businesses that value 24/7 low carbon power – all made possible by our innovative ultra-low emissions technology in collaboration with CTV.”