Tenaska Inks MoU with BC Firm to Deliver CCS Solutions

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Tenaska Inks MoU with BC Firm to Deliver CCS Solutions

Carbon dioxide (CO2) transportation and sequestration provider Tensaka is collaborating with carbon capture and removal firm Svante Technologies Inc. to deliver integrated solutions for industrial carbon capture and storage (CCS). Omaha, Nebraska-based Tenaska and Vancouver-based Svante have signed a memorandum of understanding (MoU), under which the two companies will “combine their technology and services to […]

Omaha, Nebraska-based Tenaska and Vancouver-based Svante have signed a memorandum of understanding (MoU), under which the two companies will “combine their technology and services to provide end-to-end CCS value chain solutions to select customers,” they said in a joint news release.

“Svante’s cutting-edge solid sorbent-based carbon capture technology will facilitate efficient, environmentally responsible CO2 capture, while Tenaska will provide regional planning and infrastructure for CO2 transportation and storage,” according to the release.

Tenaska said it is advancing a platform of mid- and early-stage projects in strategic locations across the USA, with Class VI permit applications filed for nearly 20 injection wells across multiple states.

Svante will focus on capturing CO2 emissions at industrial facilities, including related processes such as CO2 compression, conditioning, and liquefaction, while Tenaska will manage CO2 transportation and sequestration, for secure and permanent storage deep underground.

The joint initiative will actively promote carbon capture and storage to industrial emitters across North America, offering tailored solutions to meet diverse needs, according to the release. The collaboration will also identify and assess commercially viable opportunities for CCS.

“This collaboration is well aligned with Svante’s mission to make carbon capture accessible for industries worldwide,” Matt Stevenson, Chief Revenue Officer of Svante, said. “By combining our technology with Tenaska’s extensive experience in CO2 transportation and storage, we can offer end-to-end solutions that accelerate the transition to a net-zero future”.

“Recognizing the synergies with our CCS development platform, Tenaska is proud to work with Svante to advance innovative solutions for carbon management,” Bret Estep, Vice President of Tenaska Development, said. “Together, we aim to provide industrial customers with the tools and confidence to achieve their decarbonization goals”.

Svante in November 2024 Svante secured an investment from InBC Investment Corp, a strategic investment fund created by the Province of British Columbia.

Following an investment by Canada Growth Fund (CGF), InBC committed to invest $10.35 million (CAD 15 million) to accelerate the delivery of carbon capture and removal projects domestically and internationally, according to an earlier news release.

Svante, which employs more than 300 professionals and technicians, is constructing a 141,000-square-foot facility in Burnaby, British Columbia that aims to manufacture nanoengineered filters capable of capturing 10 million metric tons of CO2 annually. The facility will also serve as the company’s global headquarters and research and development center.

Tenaska describes itself as a leading energy company with business operations that span the energy value chain. Tenaska Marketing Ventures (TMV) and Tenaska Power Services Co. (TPS) are among the largest natural gas and electric power marketing companies in North America. The company has an operating fleet of 7,700 megawatts (MW) of natural gas and renewable generating facilities and throughout its history has developed, managed and/or operated approximately 22,128 MW of natural gas-fueled and renewable generation, according to the release.

Further, Tenaska’s development services portfolio includes more than 28,887 MW of solar, wind and energy storage projects and 10 carbon sequestration projects capable of storing 50 million metric tons of CO2 per year.

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