Published by Todd Bush on August 8, 2024
BOULDER, Colo.--(BUSINESS WIRE)--Yesterday, Calpine announced that it has executed a cost share agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for the Sutter Decarbonization Project, a full-scale carbon capture demonstration project at its Sutter Energy Center. The Sutter Decarbonization Project features ION Clean Energy’s carbon capture technology and is designed to capture 95% of existing carbon dioxide emissions enabling the Sutter Energy Center to produce firm, dispatchable, low-carbon electricity. Calpine will now commence the first phase of the DOE cooperative agreement, with other phases to follow upon successful completion of Phase 1 and finalization of plans for subsequent phases.
>> In Other News: Appalachian Regional Clean Hydrogen Hub (ARCH2) granted Phase 1 Award Status
“We’re excited for the Sutter Decarbonization Project to get to this point and grateful for the partnership with Calpine and the DOE and the confidence they’ve shown in both our team and our technology,” said Tim Vail, ION’s Chief Executive Officer.
“Our relationship with Calpine and the Sutter Decarbonization Project are hugely important to ION,” added Vail. “Since Dr. Buz Brown founded the company, we’ve always believed our science is a differentiator. We’ve proven the performance of our technology time and again at pilots from the National Carbon Capture Center in Alabama to Technology Centre Mongstad in Norway. By deploying it on a commercial scale we can showcase they key role that ION’s technology can play in decarbonizing our energy infrastructure.”
The Sutter Decarbonization Project will capture up to 1.75 million metric tons of CO2 per year. Calpine is excited to work with ION’s technology because of its demonstrated high capture efficiency, solvent stability, low emissions and low energy use. Additionally, ION recently announced a $45 million round of Series A financing with Chevron New Energies and Carbon Direct Capital and the arrival of President & CFO Steve Hirsh, Chief Operating Officer Ben Gurtler and VP, Human Resources Jeannie Donovan.
ION was founded in 2008 in Boulder, Colorado and is a worldwide leader in carbon dioxide capture technologies that reduce overall costs and make CO2 capture a more viable option for greenhouse gas mitigation. The company is commercializing proprietary liquid absorbent process technology that demonstrates transformational performance and is more effective and cost-efficient than current commercial solutions to capture CO2 emissions from post-combustion utility and industrial point sources. Most significantly, ION’s technology can capture more than 95% of CO2 emissions with extremely low emissions, unprecedented solvent stability, and low energy requirements. www.ioncleanenergy.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏗️ Hyundai Unveils $6B Hydrogen-Powered Steel Mill in Louisiana, Aims to Position State as National Energy Leader 🤝 Deep Sky Inks Next DAC Deal in Germany with Greenlyte Carbon T...
Inside This Issue 🍁 Inside Canada’s Quiet Takeover of the Carbon Capture Industry ✈️ Phillips 66 to Supply SAF to British Airways in Calif 💧 HyVera Distributed Energy Launches Green Hydrogen-On-De...
Inside This Issue 🌍 1PointFive Announces 50,000 Metric Ton Carbon Removal Agreement with JPMorganChase 📊 Carbon Direct Unveils First Empirical Baseline on Carbon Dioxide Removal and Environmental ...
Approval in Principle (AiP) for World's First LCO₂ / Methanol Carrier
Tokyo, June 30, 2025 - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, and Mitsui O.S.K. Lines, Ltd. (MOL) have acquired Approval in Principle (AiP)(Note1) fro...
KAIST AI Advances CO₂-Selective Material Discovery
_Korea Advanced Institute of Science and Technology_In order to help prevent the climate crisis, actively reducing already-emitted CO₂ is essential. Accordingly, direct air capture (DAC) — a techno...
Arca’s Carbon Removal Methodology Successfully Validated by DNV
Arca, a leader in carbon mineralization technology, has announced the successful validation by DNV, the independent energy expert and assurance provider, of its innovative methodology for permanent...
Massive Investment in Ascension Parish Targets Green Steel, Job Growth, and Hydrogen Infrastructure ASCENSION PARISH, La. — Hyundai has announced plans to invest $6 billion in a cutting-edge, hydr...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.