BOULDER, Colo.--(BUSINESS WIRE)--Yesterday, Calpine announced that it has executed a cost share agreement with the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED) for the Sutter Decarbonization Project, a full-scale carbon capture demonstration project at its Sutter Energy Center. The Sutter Decarbonization Project features ION Clean Energy’s carbon capture technology and is designed to capture 95% of existing carbon dioxide emissions enabling the Sutter Energy Center to produce firm, dispatchable, low-carbon electricity. Calpine will now commence the first phase of the DOE cooperative agreement, with other phases to follow upon successful completion of Phase 1 and finalization of plans for subsequent phases.
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The Sutter Decarbonization Project will capture up to 1.75 million metric tons of CO
2 per year. Calpine is excited to work with ION’s technology because of its demonstrated high capture efficiency, solvent stability, low emissions and low energy use. Additionally, ION recently announced a $45 million round of Series A financing with Chevron New Energies and Carbon Direct Capital and the arrival of President & CFO Steve Hirsh, Chief Operating Officer Ben Gurtler and VP, Human Resources Jeannie Donovan.
About ION Clean Energy, Inc.
ION was founded in 2008 in Boulder, Colorado and is a worldwide leader in carbon dioxide capture technologies that reduce overall costs and make CO
2 capture a more viable option for greenhouse gas mitigation. The company is commercializing proprietary liquid absorbent process technology that demonstrates transformational performance and is more effective and cost efficient than current commercial solutions to capture CO
2 emissions from post-combustion utility and industrial point sources. Most significantly, ION’s technology can capture more than 95% of CO
2 emissions with extremely low emissions, unprecedented solvent stability, and low energy requirements.
www.ioncleanenergy.com.
