Low Carbon Infrastructure

Low Carbon Infrastructure (LCI) is a Houston, Texas-based developer and investor focused on power generation and industrial energy transition projects that target near-zero carbon emissions. LCI is a portfolio company of I Squared Capital, a Miami-based global infrastructure investment firm managing approximately $50 billion in assets. LCI has capabilities across project sourcing, financing, development, engineering, and operations, with a specific focus on natural gas power generation integrated with carbon capture and sequestration (CCS) — sometimes called "clean firm" power, as it provides reliable around-the-clock generation while eliminating the vast majority of CO₂ emissions. LCI and ADM began discussing collaboration on a CCS-enabled cogeneration facility at ADM's Decatur, Illinois site in 2021.

LCI's flagship project is Broadwing Energy: a 400 MW natural gas-fired cogeneration power plant being developed at Archer Daniels Midland's industrial site in Decatur, Illinois. The project captures approximately 90% of its CO₂ emissions using Mitsubishi Power's KS-21 solvent-based carbon capture technology, compresses the captured CO₂, and permanently injects it into ADM's EPA Class VI-approved deep geological storage wells — the same infrastructure ADM has used since 2011, with over 4 million tonnes of CO₂ stored to date. Broadwing Energy is a combined heat and power plant: steam from gas turbine exhaust powers the carbon capture process itself and supplies industrial heat to ADM's corn processing operations, integrating the entire energy system for maximum efficiency.

In October 2025, LCI and I Squared Capital announced a landmark partnership with Google: the first corporate power purchase agreement (PPA) ever signed for electricity produced from a CCS-enabled power plant. Google agreed to purchase the majority of Broadwing Energy's output to power its Midwest data centers, providing the long-term revenue certainty needed to reach Final Investment Decision (FID), targeted for Q2 2026, with commercial operations targeted for 2030. The EPC contractor is Kiewit Power Constructors. The project is estimated to create approximately 750 full-time jobs during construction.

Broadwing Energy is the first in a planned broader portfolio of CCS-enabled facilities under development by LCI and I Squared Capital across North America. It establishes a replicable commercial model combining long-term clean power offtake from creditworthy corporate buyers with infrastructure-grade project financing — a structure LCI believes can be replicated at other sites where industrial CO₂ storage geology, natural gas supply, and major power demand co-exist.