Sunset Over Petra Nova

Sunset Over Petra Nova

In hindsight, the $1 billion Petra Nova project seemed like a win-win: Create the world’s largest carbon capture facility next to one of the biggest power plants in Texas operating four coal-fired and four gas-powered units. Capture more than 90% of carbon dioxide from emissions produced in just one coal-fired unit. Pipeline the captured CO2 80 miles to an oilfield and boost production from 300 BPD to 4,000 BPD. What could possibly go wrong? Unfortunately for Houston-based NRG Energy, practically everything. After little more than three years, Petra Nova has been sunsetted indefinitely. When the plant worked, according to supporters, it worked as it was designed. But soon, mechanical problems and outages left it operational only one day in three. In the first few months this year, Petra Nova was operating at little more than 45.9% of capacity. Worse, the pandemic helped tank oil prices, demand, and crude oil output. Huge financial losses quickly followed. Petra Nova now has quietly suspended operations at the W.A. Parish Generating Station and lives to see another day when economic conditions improve

NRG Energy

NRG Energy, Inc. is a large American energy company, dual-headquartered in Princeton, New Jersey and Houston, Texas. It was formerly the wholesale arm of Northern States Power Company, which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity.

www.nrg.com

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Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

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A New Power Player Has Big Plans for New Mexico

A New Power Player Has Big Plans for New Mexico

Let’s say your hometown of 45,000 has a 45-year-old coal-fired power plant—one of about 240 left in the U.S. The coal mine that feeds the plant lies practically next door. Both the plant and coal mine employ more than 1,500 in your community. But earlier this year, the state passed legislation to decarbonize its electrical grid by 2030. The San Juan Generating Station, one of two massive coal-fired power plants in Farmington, N.M., will be the first shuttered in 2022 to be replaced with a new station fired by natural gas, solar, and batteries. That was the initial plan anyway, and one that left local leaders with their hair on fire in a town where coal plays a huge part in the economy amid a dwindling population. Enter Enchant Energy, a Farmington-based, carbon-capture company now offering another solution. Working with city officials and Public Service Co. of N.M., Enchant wants to buy and retrofit the plant with new technology that would make this carbon-capture project the largest of its kind in the world and solidify commercial viability for global implementation. Cost to N.M. taxpayers?  $2.8 billion over 10 years.

Enchant Energy

Enchant Energy is a New Mexico company that seeks to capture CO2 for sequestration purposes and electricity production by investing in state-of-the-art environmental technology at San Juan Generating Station. These activities are intentionally designed to further New Mexico’s dual goals of substantially reducing its statewide CO2 output, and supporting New Mexico’s economy by employing hundreds of people in San Juan County and on the Navajo Nation by providing reliable, low-cost and extremely low-emission wholesale electricity.

www.enchantenergy.com

​What do you think?

Learn more about Reese Energy Consulting at www.ReeseEnergyConsulting.com.

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