Carbon capture failure in Texas bodes badly for similar projects elsewhere, IEEFA warns

Read the full story from The Energy Mix.

NRG Energy’s decision to mothball a coal-fired carbon capture project in Texas, just 3½ years after it went online in January 2017, is a sign of things to come for other, similar plants in the United States, the Institute for Energy Economics and Financial Analysis (IEEFA) concludes in a new research brief.

Associated publication: Wamsted, David and Schlissel, David (2020). Petra Nova Mothballing
Post-Mortem: Closure of Texas Carbon Capture Plant Is a Warning Sign: Red Flags for Investors on Coal-Fired CCS Projects; Shutdown Lays Bare the Risks Around Proposals That Include Enchant Energy’s in New Mexico and the Tundra Project in North Dakota
. Lakewood, OH : Institute for Energy Economics and Financial Analysis (IEEFA). https://ieefa.org/wp-content/uploads/2020/08/Petra-Nova-Mothballing-Post-Mortem_August-2020.pdf

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