Capital Power, WEC Energy Prepare to Bring CCS, LNG Projects Online
Attachment: CapitalPower1Q22, WEC1Q22
SUGAR LAND--May 3, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)-- Capital Power Corporation (Edmonton, Alberta) and WEC Energy Group (NYSE:WEC) (Milwaukee, Wisconsin), two power producers focused largely on the northcentral U.S. and western-central Canada, reported profit growth for first-quarter 2022 as they picked up support for some of their projects using in-demand technology, such as carbon capture and storage (CCS) and liquefied natural gas (LNG).
Industrial Info is tracking more than $2.9 billion worth of active projects from Capital, and nearly $1.4 billion from WEC, with a total of nearly $1 billion under construction. These include projects in conjunction with Enbridge Incorporated (NYSE:ENB), Burns & McDonnell and McDermott International Incorporated.
