Core Viewpoint - The Memorandum of Understanding (MOU) between California Resources Corporation (CRC) and Capital Power aims to explore carbon management services, specifically targeting the transportation and sequestration of up to 3 million metric tons of CO2 emissions annually, supporting California's decarbonization goals [1][3][8] Company Overview - California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition and environmental stewardship while providing responsibly sourced energy [4] - Carbon TerraVault (CTV), CRC's carbon management business, is developing services for capturing, transporting, and permanently storing CO2, engaging in various carbon capture and sequestration (CCS) projects [5] - Capital Power is a growth-oriented power producer with approximately 12 GW of power generation capacity across 32 facilities in North America, emphasizing reliable and affordable power while building lower-carbon power systems [6] MOU Details - The MOU signifies a partnership to evaluate and develop CCS solutions for Capital Power's La Paloma facility, a 1.1 GW natural gas combined cycle generation facility located in Kern County, California [8] - CTV plans to serve as the exclusive provider for transportation and sequestration services for the targeted 3 million metric tons of captured CO2 per annum, aligning with California's broader decarbonization objectives [8] - The collaboration will also assess potential data center sites, power infrastructure needs, regulatory permitting, and further integration opportunities [8]