![]() Chevron is running an ad campaign bragging about investing $1 billion to trap CO2. Talk of carbon capture, though, has become decidedly mainstream. NRG CEO Mauricio Gutierrez refocused the company away from owning generation and more toward retailing electricity to consumers. Meantime, NRG’s board forced Crane out because Wall Street does not like energy companies that dabble in both renewables and fossil fuels. Natural gas sells for less than $2 per million British Thermal Units, and new wind and solar projects produce cheaper electricity than new coal-fired plants. coal production and consumption dropped in 2019 to its lowest levels since 1978, according to the Energy Information Administration. ![]() Burning coal was the cheapest way to generate electricity, natural gas cost twice as much as it does today and carbon capture was a fringe idea hyped by executives like David Crane, who as CEO of NRG was trying to build a climate-friendly company. I wrote my first column on Petra Nova almost exactly six years ago, when I was a rookie columnist. Capturing and sequestering the gas for $40 oil makes no economic sense. The project only worked by selling the recovered oil for $80 a barrel or more. ![]() At the time, I declared the project “the kind of innovation that reduces greenhouse gases without significant harm to our economy and at no risk to the electricity consumer.”ĭisappointingly, NRG has shutdown Petra Nova. I picked up the coaster at the 2014 groundbreaking of NRG Energy’s $ 1 billion Petra Nova carbon capture project. The graphic shows exhaust leaving a coal-fired power plant, running through a tower that extracts the carbon dioxide and then pushes it through a pipeline to an oilfield, where workers pump the greenhouse gas underground to force up oil and sequester the CO2. They acknowledge the constraints faced by maintenance and operations teams in reviewing this data and aspire to employ it effectively, quantifying and evaluating the profitability of sustainability projects.Every morning, when I sit down behind my computer, I set my coffee cup on a coaster that reads: “A visionary CO2ncept for a Cleaner Tomorrow.” In our exclusive interview we delve into their guiding principle that manufacturing efficiency and impactful ESG projects thrive on real-time data acquired through state-of-the-art Internet of Things (IoT) sensors, coupled with comprehensive onsite measurements.īy taking charge of the collection and monitoring of critical data, Quantify Environmental relieves clients of the associated burdens. Thanks to Bob Langlois for introducing me to Dave. In case you did not notice yes I am having a lot of fun doing these. Many thanks to Francesco Lo Presti from Plumbing + HVAC Magazine for capturing this comical moment on camera. During the interview, Dave inquired about the meaning of a 'Devils Press,' and I embarrassingly attempted to demonstrate it, much to everyone's amusement. The highlight for me, without a doubt, was when my personal conversation was unexpectedly recorded and turned into a hilarious blooper reel. ![]() This weekend, my interview with the exceptionally skilled and extraordinary Dave Fox with Quantify Environmental Ltd. ![]()
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