California Resources Corporation and Bloom Energy have signed a memorandum of understanding to evaluate a joint fuel cell and carbon capture initiative. The partnership aims to develop at least 1GW of solid-oxide generation capacity across Central and Northern California.
Pairing Bloom’s non-combustion technology with Carbon TerraVault’s subsurface storage infrastructure, the collaboration encompasses front-of-the-meter utility installations and behind-the-meter industrial projects. The highly concentrated exhaust stream produced by these fuel cells lowers post-combustion separation costs. Ultimately, the companies expect to capture and permanently sequester up to 3m tonnes of carbon dioxide annually.
The resulting baseload power will primarily serve data centres, municipalities and utility providers facing strict grid reliability mandates. Commercial progress remains subject to final investment decisions and the acquisition of underground injection permits.
Track Carbon TerraVault projects in California directly on EICDataStream.