California Resources and Net Power link for low-carbon power solutions [Yahoo! Finance]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Yahoo! Finance
The collaboration aims to integrate Net Power's ultra-low emission power plants with CTV's carbon capture and storage infrastructure, potentially reducing CO2 transportation costs and facilitating the deployment of up to 1GW of power capacity. The agreement entails feasibility studies to explore the potential of situating Net Power's facilities near CTV's underground storage vaults. This strategic placement is intended to diminish CO2 transportation expenses and midstream investments for CTV's operations. The initial rollout could deliver one GW of power capacity from Net Power's new modular plants in Northern California, potentially sequestering up to 3.6 million metric tonnes of CO2 emissions annually in CTV's nearby reservoirs. Net Power's utility-scale modular plants are designed to occupy less than 20 acres each, with the capability to generate up to 250MW. They can be deployed in multi-plant configurations, aligning with the partnership's goal to support California in
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CRC
News
- California Resources Co. (NYSE: CRC) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $63.00 price target on the stock.MarketBeat
- California Resources Corporation Announces January Investor Conference Participation [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Announces January Investor Conference ParticipationGlobeNewswire
- California Resources Co. (NYSE: CRC) was upgraded by analysts at Capital One Financial Co. to a "strong-buy" rating.MarketBeat
- Carbon TerraVault and Net Power Sign MOU to Develop Low Carbon, Reliable Power Solutions in California [Yahoo! Finance]Yahoo! Finance
CRC
Earnings
- 11/5/24 - Beat
CRC
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- 12/12/24 - Form 144
- CRC's page on the SEC website