carbon capture

“Our approach is let's look across The climate sort of ecosystem. Find what we think the biggest gap is and where we think we are in a somewhat good position to move the needle on it. And carbon removal where we're pulling CO two out of ambient air or out of…”

“Although the 45 Q tax credit, which is a 50 dollar tax credit if it's not used for enhanced oil recovery, you know, that's well in the money for some of these higher concentration sources.”

“A company in Texas called NetPower that is getting pure CO₂ out of the back end of an electricity generation plant, but it's because the working fluid is not air. It's actually compressed supercritical CO₂. So they inject methane, they inject oxygen, they igni…”

“So what that says to me is that we don't know exactly who's going to get access first and lock up that injection capacity, but the development of CO two injection and storage basins will be a rate limiting factor here.”

“None of those really pencil out at 50 dollars a ton. They do, in many locations, at 85 dollars a ton. Not everywhere. Not every facility is laid out for this. Not every facility, you know, will this be the best option? Some will want to electrify or fuel switc…”

“Now, demand has also skyrocketed, right, with the carbon capture, with the storage, with all of these new technologies. So I think the imbalance continues, but, you know, both demand and supply are increasing.”

“The basics are the really big plants, meaning 300 megawatt nameplate units or larger, running at 50% capacity factor or more, need to meet a Standard equal to carbon, 90% carbon capture by 2035, or 96% hydrogen co-firing by 2038.”

“Carbon capture in particular only really makes sense if you're running a plant a lot. You know, if you're going to install all that carbon capture equipment and then only run the plant 10% of the time, that's a very, very, you know, the cost of that on a per m…”

“I mean, there's already been a handful since the IRA got passed because 45 Q is helpful. They're the carbon capture tax credit. And I think you could see more.”

“Most of the gas is just going to ramp down instead of installing carbon capture.”

“I will reiterate that this number, 70 to a hundred dollar megawatts, requires low cost natural gas. So Europe is not going to be doing a lot of this, right?”

“And in fact, if you have a natural gas plant that's running uncontrolled, carbon capture reduces the pollutant load.”

“I will add, if you retrofit an existing plant, it's cheaper, because assuming that plant has been fully depreciated, so you're retrofitting something that's in a utility off on the grid somewhere, the costs come in more like 40 to 70 dollars a megawatt hour.”

“And that means you're looking at something like 20 to 25 to 30 dollars a megawatt hour is the adder in most markets. And 45 Q knocks off, say, half of that.”

“So I would say none of them because they all require Large capital investments that require certainty and we are in a period of massive uncertainty across the board. So I would actually say I'm fairly bearish on all of those in the near term because I actually…”

“Carbon capture at scale, hands down, for electricity generation.”