I Squared Capital, and Low Carbon Infrastructure (LCI) have joined forces to bring smart capital to North America. Together, they will create the Broadwing Energy project, which has the potential to transform energy generation in Decatur, Illinois. This project will eventually capture and permanently sequester more than 90% of its carbon dioxide (CO₂) emissions. Along with that, it will produce 400 megawatts (MW) of clean energy. That’s huge progress for starters. It’s the first corporate offtake agreement for a carbon capture and sequestration (CCS)-enabled coal-fired power plant.
Like Broadwing Energy, these projects will all be deployed on existing disturbed sites. The company that will run it, Archer Daniels Midland (ADM), has a decade-long track record of safely sequestering CO₂. This partnership is a great example of both working together to address our shared climate change challenges while leveraging new technology and private investment.
Partnership Overview
The joint venture of I Squared and LCI highlights the need to pool complementary resources to provide innovative, scalable climate solutions. Gautam Bhandari, I Squared’s global chief investment officer and managing partner, said he was excited about the partnership.
“This partnership underscores how private investment, technology innovation and corporate energy demand can come together to deliver scaleable climate solutions. 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.” – Gautam Bhandari
While the project will reduce significant amounts of carbon emissions, it is uniquely positioned to deliver affordable and dependable low-carbon power. This is a huge benefit, especially since corporate energy demand for sustainability has never been higher.
Project Impact
The Broadwing Energy project is a shining example of how large-scale CCS technology can completely reshape our energy landscape. Jonathan Wiens, CEO of Low Carbon Infrastructure, focused on the commercial viability of the project.
“Broadwing demonstrates that carbon capture can be commercially viable today. 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.” – Jonathan Wiens
Through this initiative, these stakeholders hope to establish the model for future clean energy projects in whatever type that come to the United States. The joint effort leverages the power of technology and draws significant private investment. Their ultimate aim is to develop a model that can be replicated in other areas.
Google’s Involvement
Google’s participation in this venture further underscores the tech giant’s commitment to sustainable energy solutions. Michael Terrell, head of advanced energy at Google, said he was excited about the collaboration’s potential to make a real impact.
“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.” – Michael Terrell
The project is currently set to be completed by an announcement date of October 24, 2025, with no formal completion date publicly issued. The effort regularly engages with 36 top tier media outlets. It focuses on the industry leaders who are ready to step up their business intelligence and commitment to editorial quality.
