Captus Generation advances unique clean power hub development in Southwest Alberta
2024年6月20日 - 10:30PM
Captus Generation is advancing plans to build new, carbon-neutral,
gas-fired power generation facilities near Pincher Creek. The
development will supply reliable electricity to Alberta’s grid and
potentially support on-site power-consuming businesses such as data
centres. The Calgary-based company is exploring a promising
opportunity to repurpose Pincher Creek’s historic depleted natural
gas field to permanently store the associated carbon emissions
using proven carbon capture and sequestration (CCS) technology.
“Captus Generation is poised to take a leading role in powering
Alberta’s carbon-neutral future,” says Harry Andersen, Chief
Executive Officer of Captus Generation. “We are in the right place,
at the right time, with the right business model to demonstrate
Alberta’s unparalleled carbon sequestration capabilities, while
reinforcing the economic viability of CCS.”
Captus stands out among other CCS projects due to its proximity
to existing infrastructure and assets. The site, located
approximately 20 kilometres south of Pincher Creek, already has an
established natural gas supply and is connected to the grid via
nearby high-voltage transmission lines. Carbon emissions captured
during power generation will be permanently stored underground in a
world-class reservoir beneath the development, eliminating the need
for a lengthy and costly pipeline.
“Everything we need to produce reliable, carbon-neutral
electricity and safely sequester emissions is either on our planned
industrial site or close by,” says Mark Taylor, Executive Vice
President of External Affairs and Regulatory with Captus
Generation. “This strategic positioning offers substantial cost
efficiencies, time savings and streamlined grid integration.”
Initial plans include the construction of a full-scale, 200 MW
power plant with potential for expansion. This clean thermal
electricity will help stabilize the grid, add value to natural gas,
and drive environmental progress for the industry and the province.
Carbon will be captured and stored using proven technology that has
been used in Alberta for more than 50 years.
Captus expects to deliver substantial economic benefits to the
Pincher Creek region through increased investment, tax revenue and
the creation of skilled jobs. Early outreach with neighbours,
Indigenous communities, regulators and government bodies has laid
the groundwork for productive engagement throughout the
process.
A final investment decision (FID) is expected in early
2025.
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For more information or to schedule an interview, please email
media@captusgeneration.com.
About Captus Generation
Captus Generation is a Calgary-based company with a vision for
sustainable energy development south of Pincher Creek. Captus is a
subsidiary of BTG Energy, a Canadian company that owns and operates
strategically located energy infrastructure across Central and
Southern Alberta. Established in early 2024, Captus Generation
plans to build carbon-neutral, gas-fired power generation
facilities on a non-agricultural industrial site approximately 20
kilometres south of Pincher Creek, Alberta. The Captus plans, which
are subject to regulatory approval, envision a full-scale,
expandable power plant with carbon capture and sequestration (CCS).
Captus is led by a team of energy industry veterans with more than
a century of diverse experience in the midstream and upstream
sectors in Canada and the United States. To learn more, visit
www.captusgeneration.com.
Carla Minogue
Captus Generation
403-461-5717
media@captusgeneration.com