Power & Renewables

Decoding CCUS project success

525 pre-construction projects and who is likely to advance beyond the drawing board

byEnverus

CALGARY, Alberta (Sept. 25, 2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing a report on carbon capture, utilization and storage (CCUS) risk assessment. The report harnesses the power of multiple Enverus datasets to grade more than 525 pre-construction CCUS projects in the U.S. Enverus’ proprietary Project Viability Index (PVI) was used to score the company’s view of the relative potential to achieve a final investment decision (FID).

“With all the hype around CCUS technology, industry is facing growing pressure to discern which projects will move beyond the drawing board,” said Heather Leahey, principal analyst at EIR.

“We’ve leveraged our extensive collection of datasets to grade more than 525 pre-construction projects based on asset quality, innovation ecosystem, supportive partners and existing progress toward FID. The over 50-point range in PVI scores across tracked U.S. projects reflects geographical and technological diversity and various project maturities.”

Key takeaways from the report:

  • EIR highlights the top 20 companies in the U.S. which hold the highest-ranked inventory of pre-construction projects, as well as the five highest scoring projects across each of the capture, transportation, storage, and utilization segments.
  • According to EIR’s calculations, North Dakota, Colorado, and Louisiana score the highest. These states benefit from strong resource quality, supportive investment environments and/or progress toward FID to-date.
  • Comprehensive and systematic project risking is needed to enable efficient capital allocation and strategic decision-making while enhancing investor and developer reputations and environmental impacts.
enverus-press-release-ccus-project-viability-index-graph

EIR’s analysis pulls from a variety of Enverus products including Enverus Intelligence® Research, Enverus FOUNDATIONS® – Carbon Innovation, as well as the Enverus PVI scoring system.

You must be an Enverus Intelligence® subscriber to access this report.

Additional Resources:
Interested in learning more? It is tough to keep up with the complex interplay of energy transitions, politics and emerging economies in the sustainable energy sector. We can help. Our monthly web series, Innovation Underground Series, offers timely insights and updates, which are crucial in this rapidly changing world of energy innovations. Designed to be informative yet accessible, each on demand 30-minute episode brings industry influencers right to your screen.

About Enverus Intelligence Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.

Media Contact: Jon Haubert | 303.396.5996

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