Luminia and California Resources Corporation Finalize Plans to Use Solar Power for Kern County Oil Operations

Core Insights - CRC is leading the way in lower-carbon operations by collaborating with renewable energy developers like Luminia to enhance energy efficiency and reduce carbon emissions [1][2] - The projects aim to deliver on-site renewable energy generation, which is expected to lower energy costs for CRC's field operations and intermittently offset up to 30 MW of daytime grid load [1] - CRC's initiatives are part of a broader commitment to responsible energy production and innovation, contributing to California's clean energy goals [2] Company Overview - California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition and environmental stewardship [4] - CRC aims to maximize the value of its land and mineral ownership while developing carbon capture and storage (CCS) and other emissions-reducing projects [4] - Luminia, headquartered in San Diego, is a renewable energy developer that partners with various stakeholders to design and operate clean energy projects [3]