California Resources Corporation $(CRC)$ and its carbon management business, Carbon TerraVault $(CTV)$, have signed a Memorandum of Understanding (MOU) with Capital Power to explore decarbonized power solutions in California. The partnership will focus on developing carbon capture and sequestration $(CCS)$ solutions for Capital Power's 1.1 GW La Paloma natural gas facility in Kern County. Under the MOU, CTV may serve as the exclusive provider for transporting and sequestering up to 3 million metric tons of captured CO2 per year. The collaboration also includes evaluating potential data center sites, power infrastructure needs, regulatory permitting, and further integration opportunities, aiming to support California's broader decarbonization goals.