California low-carbon power

California Resources Corporation (CRC), its carbon management arm Carbon TerraVault (CTV), and Net Power have signed a memorandum of understanding (MoU) to advance low-carbon energy solutions in California.  The collaboration aims to integrate Net Power’s ultra-low emission power plants with CTV’s carbon capture and storage (CCS) infrastructure. The partnership will conduct feasibility studies to assess placing Net Power’s modular plants near CTV’s underground storage sites. This is expected to cut CO₂ transportation costs and enable…