California Resources Corporation $(CRC)$ and its carbon management business, Carbon TerraVault $(CTV)$, have announced a Memorandum of Understanding (MOU) with Middle River Power $(MRP)$, an independent power producer, to provide carbon transportation and sequestration services for MRP's power facilities in California. The partnership will initially focus on the 850 MW High Desert plant in Victorville and the 330 MW San Joaquin Energy Center in Tracy, which together produce up to 2.75 million metric tons of CO₂ emissions annually. Under the agreement, CTV will serve as the exclusive provider of CO₂ transportation and sequestration services for these facilities, while MRP will oversee the safe operation of the power and CO₂ capture facilities. Both companies plan to explore additional decarbonized power solutions to support California's broader climate goals. The MOU is non-binding and subject to further agreements and regulatory approvals.