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Secretary of Energy Rick Perry and Governor of Texas Greg Abbott Help Celebrate Petra Nova Carbon Capture/Enhanced Oil Recovery System Operations
—System has already prevented more than 300,000 tons of carbon dioxide from entering the atmosphere since beginning operations—
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U.S. Secretary of Energy
Petra Nova, a 50-50 joint venture by NRG and JX Nippon, is the world’s
largest carbon capture system retrofitted onto an existing coal plant.
It was constructed on-time and on-budget and commenced operations at the
end of 2016. The project has delivered more than 300,000 tons of carbon
dioxide (CO2) to the
“I commend all those who contributed to this major achievement,” said
Secretary Perry. “While the Petra Nova project will certainly benefit
“Everything is bigger in
“Petra Nova demonstrates our leadership on energy innovation at
commercial-scale,” said
“JX Nippon is very pleased that the construction of Petra Nova’s
“We are excited to be a part of this project,” said Jeffery D.
Hildebrand, Chairman and CEO,
Petra Nova captures more than 90% of CO2 from a 240 MW
equivalent slipstream of flue gas off an existing coal-fueled electrical
generating unit at the WA Parish power plant in
Hilcorp, the operator of
Photos/Multimedia Gallery Available
http://www.nrg.com/generation/projects/petra-nova/news/
About NRG
NRG is the leading integrated power company in the U.S., built on the
strength of the nation’s largest and most diverse competitive electric
generation portfolio and leading retail electricity platform. A Fortune
200 company, NRG creates value through best in class operations,
reliable and efficient electric generation, and a retail platform
serving residential and commercial businesses. Working with electricity
customers, large and small, we continually innovate, embrace and
implement sustainable solutions for producing and managing energy. We
aim to be pioneers in developing smarter energy choices and delivering
exceptional service as our retail electricity providers serve almost 3
million residential and commercial customers throughout the country.
More information is available at www.nrg.com.
Connect with
About JX Nippon
About Hilcorp
Hilcorp, founded in 1989, is one of the largest privately-held
independent oil and natural gas exploration and production companies in
Safe Harbor
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements are
subject to certain risks, uncertainties and assumptions and include
NRG’s expectations regarding the post-combustion carbon capture unit at
NRG’s WA Parish plant and forward-looking statements typically can be
identified by the use of words such as “will,” “expect,” “believe,” and
similar terms. Although NRG believes that its expectations are
reasonable, it can give no assurance that these expectations will prove
to have been correct, and actual results may vary materially. Factors
that could cause actual results to differ materially from those
contemplated above include, among others, general economic conditions,
hazards customary in the power industry, competition in wholesale power
markets, the volatility of energy and fuel prices, failure of customers
to perform under contracts, changes in the wholesale power markets,
changes in government regulation of markets and of environmental
emissions, and our ability to achieve the expected benefits and timing
of the carbon capture-EOR projects. NRG undertakes no obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. The foregoing review of
factors that could cause NRG’s actual results to differ materially from
those contemplated in the forward-looking statements included in this
news release should be considered in connection with information
regarding risks and uncertainties that may affect NRG’s future results
included in NRG’s filings with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20170413006016/en/
Source:
NRG Media
Dave Knox, 832-357-5735
or
NRG Investors
Kevin
Cole, CFA, 609-524-4526
Lindsey Puchyr, 609-524-4527