The project marks the first-ever corporate offtake agreement for a CCS-enabled power plant, demonstrating a new model for scaling clean, firm generation that complements renewable power sources. When operational, Broadwing Energy will capture and permanently store over 90% of its CO₂ emissions, while generating more than 400 MW of clean power.
“This partnership underscores how private investment, technology innovation, and corporate energy demand can come together to deliver scalable climate solutions,” said Gautam Bhandari, Global Chief Investment Officer and Managing Partner, I Squared. “At I Squared, we are focused on building the next generation of clean, reliable, and resilient infrastructure — and Broadwing Energy is a defining example of that mission.”
“Broadwing demonstrates that carbon capture can be commercially viable today,” said Jonathan Wiens, Chief Executive Officer of Low Carbon Infrastructure. “Working alongside I Squared and Google, we’re proving that low-carbon power can be both affordable and reliable, while driving job creation and community investment.”
“By entering into this agreement with LCI, we hope to help prove and scale a valuable source of clean, firm power. We’re excited to support LCI in their pioneering efforts, both at Broadwing Energy and across the broader portfolio they are developing in the U.S.” said Michael Terrell, Head of Advanced Energy at Google.
A New Chapter for Clean, Firm Power
Broadwing Energy is being developed on an existing Archer Daniels Midland (ADM) site in Decatur, Illinois, leveraging ADM’s decade-long experience in safe CO₂ sequestration. The project will employ Mitsubishi Power’s M501JAC gas turbine. The captured CO₂ will be compressed and injected into ADM’s EPA Class VI-approved wells, stored permanently more than a mile underground.
Engineering, procurement, and construction (EPC) services are being led by Kiewit Power Constructors, with project financing expected to reach final investment decision in Q2 2026 and commercial operations targeted for 2030.
Driving Economic and Environmental Impact
LCI has already engaged a broad range of community stakeholders in the development of the project, and will continue to do so throughout its lifecycle. They estimate that the plant’s construction will create approximately 650 union craft labor and 100 construction management and support staff over the four-year build period, and sustain dozens of permanent, well-paying jobs once the plant is operating.
Broadwing Energy represents the first in a pipeline of CCS-enabled facilities under development by I Squared and LCI, aimed at expanding clean, firm generation capacity across North America and supporting the decarbonization of heavy industry.
