Energy Systems Consulting Perspectives

Energy Systems Consulting Perspectives

onlocation energy consultants blog

Multiple U.S. Energy Models Highlight the Importance of Incentives for CO2 Capture Technologies

Posted by OnLocation on Oct 29, 2020 4:45:17 PM

Frances Wood and Sharon Showalter at OnLocation co-authored a paper that was recently published in the journal Energy Policy titled “Could congressionally mandated incentives lead to deployment of large-scale CO2 capture facilities for enhanced oil recovery CO2 markets and geologic CO2 storage?” The paper describes the results of a joint study performed in coordination with the Stanford University Energy Modeling Forum, an organization that promotes the use of energy policy models to improve the understanding of important energy and environmental issues. Other organizations involved in the study include the Pacific Northwest National Laboratory, the National Energy Technology Laboratory, the U.S. Environmental Protection Agency, and the Electric Power Research Institute. The study was performed using five energy models, including a customized version of the National Energy Modeling System created by OnLocation and referred to here as the CTUS-NEMS model.

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Topics: Energy, NEMS, Energy Modeling, Environmental Regulation, Energy Policy, Integrated Modeling, Oil and Gas Production, carbon capture, ccs

The 45Q Sequestration Tax Credits: Congress’s Latest Boost for CCS Technologies

Posted by OnLocation on Aug 14, 2018 2:22:54 PM

Tucked in amongst a host of energy credits in the February Congressional Budget deal were several changes to the existing 45Q federal tax credits for carbon capture and sequestration (CCS) aimed at making the technology more economical. CCS has the potential to be revolutionary for the power sector, once regulatory hurdles are overcome and the technology becomes affordable to scale-up across fossil fuel emitting power plants. These changes to the 45Q tax credits might just be a significant step towards that goal.

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Topics: Environmental Compliance, Energy Modeling, Environmental Regulation, Energy Policy, Integrated Modeling, climate change, carbon capture, ccs

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