I Squared and LCI enter clean power partnership with Google

Core Insights - I Squared Capital and Low Carbon Infrastructure have partnered with Google to develop Broadwing Energy, a cogeneration power plant with over 400MW capacity, featuring integrated carbon capture and sequestration (CCS) technology [1][3] Project Overview - The Broadwing Energy project aims to capture and permanently store more than 90% of its CO₂ emissions while generating 400MW of clean energy [2] - Mitsubishi Power will supply the M501JAC gas turbine for the project [2] Strategic Importance - The partnership highlights the convergence of private investment, technological innovation, and corporate energy demand to deliver scalable climate solutions [3] - The project is positioned as a commercially viable example of carbon capture technology [3] Development Details - The power plant will be located in Decatur, Illinois, on a site operated by Archer Daniels Midland (ADM), which has a decade-long record of safe CO₂ sequestration [3] - The captured CO₂ will be stored in ADM's EPA Class VI approved wells [4] Economic Impact - The construction phase will create 650 union craft labor positions and 100 roles in construction management and support staff over four years, with additional permanent jobs post-completion [5] - The project is part of a broader strategy to expand clean generation capacity in North America and support the decarbonization of heavy industry [5] Future Outlook - Project financing is expected to reach a final investment decision by Q2 2026, with commercial operations targeted for 2030 [4] - Google aims to support the scaling of clean, firm power through this partnership [6]