The company has appointed Sasha Mackler as vice president of the new carbon capture enterprise.
Sasha Mackler said Summit Power operates at the very focal point of commercial-scale carbon-capture projects, and therefore at the intersection of clean energy technology, policy and finance.
The company is developing several CCS projects, most notably the Texas Clean Energy Project (TCEP) which is a gasification facility with 90% carbon capture.
According to Summit Power, TCEP is a showcase project of the US Department of Energy’s Clean Coal Power Initiative, which made a $450m award to TCEP in 2010.
