Tenaska & EQT Dip Toe in CCS Waters, Wells Coming in 5-10 Years

As we outline in a companion post today, the Biden-Harris Department of Energy is investing $44 million in a project to drill two carbon dioxide injection wells, one in West Virginia and the other in Ohio (see DOE Spends $44M on Drilling CO2 Injection Wells in WV & OH). Some companies are ready to dive into the CCS pool. Others in our region are also exploring the carbon capture and sequestration (CCS) space but are proceeding a bit slower, dipping their toes first. Power plant and energy-trading giant Tenaska and Marcellus/Utica driller EQT are "cautiously moving ahead with plans to develop carbon storage projects in the region." Both indicate it will take "years to develop" carbon injection wells. They both plan to have carbon wells operating in the next 5-10 years.

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