Carbon capture and storage

Editor's picks

Octopus Energy Group has added £3.4 billion worth of renewable energy projects to its portfolio with the acquisition of sister company Octopus Renewables. From June the large retailer will manage Octopus Renewables’ European portfolio of more than 300 green assets under new business arm Octopus Energy Generation. Chris Hulatt, co-founder of Octopus Group, the parent company of both businesses, said he hoped the move would unlock a “multitude of new investment opportunities”.
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Crown Estate Scotland has raised the maximum option fees for its ScotWind offshore wind leasing round by ten-fold to £100,000/km². The decision follows a review of the arrangements that was launched after the winners in the Crown Estate’s fourth offshore wind leasing round for England and Wales agreed to pay option fees initially worth £879 million per year for almost 8GW of capacity its first competitive bidding process.
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Latest in Carbon capture and storage

In our latest round-up of appointments across the sector, industry veteran Ian Marchant is to head the board of a hydrogen technology firm. Meanwhile Thames Water has appointed a new director and a trade body chief executive has decided to step down.
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Oil giant Shell has signed an agreement with Pale Blue Dot Energy and Harbour Energy to develop a carbon capture storage (CCS) and hydrogen project at the St Fergus gas terminal in Aberdeenshire. The first phase of the Acorn project would see the existing Goldeneye gas pipeline repurposed to transport carbon dioxide captured at the terminal to a storage site around 100 kilometres from the coast in the North Sea.
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SSE and Equinor have announced plans to develop a “clean power hub” in the Humber region, utilising carbon capture and storage (CCS) and hydrogen. It would include the “world’s first” power station fuelled purely by blue hydrogen at Keadby, near Scunthorpe.
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Environmental groups have warned that bioenergy with carbon capture and storage will not deliver the “negative emissions” touted by advocates, whilst also being expensive and damaging to the environment. Organisations including Friends of the Earth, WWF and Greenpeace expressed their opposition to the technology in an open letter to government.
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The government has granted £33 million to the Cadent-backed HyNet North West project as part of a wider £171 million allocation for its industrial decarbonisation strategy, which has also been published. The Department for Business, Energy and Industrial Strategy said the Industrial Decarbonisation Challenge funding has been earmarked for engineering and design work on nine projects in Scotland, South Wales, the North West, the Humber region and Teesside.
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All units in the Capacity Market may also be required to register in the Balancing Mechanism under new rules being considered by BEIS. The department is consulting on a number of proposed improvements to the scheme, which also include changes to the way emissions are calculated and the removal of certain restrictions on secondary trading.
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Drax has announced its intention to submit a planning application later this month to equip two of the biomass units at its power station in Selby with carbon capture and storage (CCS). The company said the work could potentially begin in 2024, with the first unit becoming operational in 2027.
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Can the massive network infrastructure investment needed for net zero be delivered without creating adverse impacts on public engagement or the environment? In a new report, Utility Week and Hitachi ABB Powergrids, explore the challenge.
Analysis
Net zero is a once in a generation opportunity to transform the energy system. This high-level report, in association with Microsoft and Accenture, explores how digital technology and partnership working can help the sector accelerate and scale up to deliver the transition affordably.
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The National Infrastructure Commission (NIC) has issued a call for evidence on greenhouse gas removal technologies, specifically direct air carbon capture and storage and bioenergy with carbon capture and storage which it considers to be the most developed options. It said natural solutions such as the use of forests as “carbon sinks” will play an important role in the UK’s climate change strategy and reducing emissions but will fall outside of the scope of the study.
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