Global Infrastructure SherpaCaterpillar, OnePWR, and Vero3 form strategic collaboration for low-carbon power generation and carbon storage projects
Caterpillar, OnePWR, and Vero3 announced a strategic collaboration to develop 500MW lower carbon power generation and carbon storage projects for mission-critical facilities, including data centers.
Counterparts (3)
Sign up free to access full counterpart details, deal analysis, and timeline.
Sign up free →Deal Analysis
- Partnership: Caterpillar, OnePWR, Vero3
- Capacity: 500 MW
- Focus: Lower carbon power generation, carbon storage for data centers
- Announced: 2206-03-03
Source Intelligence
The collaboration focuses on delivering dispatchable power capacity to meet growing energy demand, while incorporating carbon capture and storage to reduce overall emissions associated with on-site generation. This initial deployment is intended to form the basis for wider international rollout.
"Construction equipment manufacturer Caterpillar, energy infrastructure provider OnePWR, and carbon management company Vero3 have announced a strategic collaboration to develop lower carbon power generation and carbon storage projects for mission-critical facilities, including data centres. ... Under the agreement, Caterpillar will provide generation equipment, including natural gas and diesel generators, gas turbines, and control systems. The company will also lead front-end engineering and design activities for the carbon capture element."
"Construction equipment manufacturer Caterpillar, energy infrastructure provider OnePWR, and carbon management company Vero3 have announced a strategic collaboration to develop lower carbon power generation and carbon storage projects for mission-critical facilities, including data centres. ... OnePWR will build, own, and operate the power generation assets and associated infrastructure, supplying continuous power under long-term commercial agreements."
"Construction equipment manufacturer Caterpillar, energy infrastructure provider OnePWR, and carbon management company Vero3 have announced a strategic collaboration to develop lower carbon power generation and carbon storage projects for mission-critical facilities, including data centres. ... Vero3 will develop and operate the carbon capture and permanent storage infrastructure, as well as oversee tax credit monetisation linked to sequestration projects."
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Sign up free →