Capital Power Discontinues $2.4 Billion Genesee CCS Project Amid Economic Challenges
By Mary Holcomb, Digital Editor
(P&GJ) — Capital Power announced the discontinuation of its $2.4 billion Genesee CCS project, which aimed to deploy carbon capture technology at the Genesee Generating Station near Warburg, Alberta, as part of its first-quarter results. Despite confirming the technical viability of carbon capture and storage (CCS) technology, economic feasibility challenges have led to this decision.
The Genesee CCS Project, part of Capital Power's commitment to reducing greenhouse gas (GHG) emissions, aimed to capture up to approximately three million tonnes of CO2 per year as early as 2027. Engineering progress on the project had been promising, with pre-FEED engineering completed in early 2022 and a FEED study initiated in the second quarter of 2022.
However, the project's discontinuation reflects a strategic shift for Capital Power. While CCS remains a potential pathway to decarbonization, current economic conditions have prompted the company to allocate resources elsewhere. Despite this setback, Capital Power remains committed to pursuing innovative solutions for sustainable energy generation and environmental stewardship.
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