On 21 June 2011, independent project developer Summit Power announced that its planned Texas Clean Energy Center (TCEC) carbon capture and storage (CCS) project would enter into a 25-year power purchase agreement (PPA) with Texas utility CPS Energy for 200 MW of power. To be constructed outside of Odessa, Texas, the 400 MW (gross) TCEC will utilize Siemens's integrated gasification combined cycle (IGCC) technology to produce both electricity and urea. Carbon dioxide (CO2) captured from the facility, which has received a US$450 million funding commitment from the US Department of Energy's (DOE's) Clean Coal Power Initiative (CCPI) Round 3 program, will be utilized for enhanced oil recovery (EOR) in nearby Permian Basin fields. Key trends in this On Point include: PPA a major boost for advancement of Summit Power's CCS project. SCS Energy shifts focus to HECA site as developers look to IGCC's flexibility while power prices wane.
On 21 June 2011, independent project developer Summit Power announced that its planned Texas Clean Energy Center (TCEC) carbon capture and storage (CCS) project would enter into a 25-year power purchase agreement (PPA) with Texas utility CPS Energy for 200 MW of power. To be constructed outside of Odessa, Texas, the 400 MW (gross) TCEC will utilize Siemens's integrated gasification combined cycle (IGCC) technology to produce both electricity and urea. Carbon dioxide (CO2) captured from the facility, which has received a US$450 million funding commitment from the US Department of Energy's (DOE's) Clean Coal Power Initiative (CCPI) Round 3 program, will be utilized for enhanced oil recovery (EOR) in nearby Permian Basin fields. Key trends in this On Point include: