Global infrastructure investor I Squared Capital and its portfolio company Low Carbon Infrastructure (LCI) have penned a landmark clean energy partnership with Google to develop Broadwing Energy, a 400-megawatt natural gas-fired cogeneration power plant in the United States.
The plant generates more than 1.5 million pounds of steam per hour and is integrated with carbon capture and sequestration (CCS) technology. Broadwing Energy is being developed on an existing Archer Daniels Midland (ADM) site in Decatur, Ill., leveraging ADM’s experience in safe carbon dioxide sequestration. The captured carbon dioxide will be compressed and injected into ADM’s EPA Class VI-approved wells stored more than a mile underground.
When operational, Broadwing Energy will capture and permanently store more than 90 percent of its carbon dioxide emissions while generating more than 400 megawatts of clean power.
According to I Squared Capital, this agreement represents the first co
