Carbon capture and storage

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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

The CBI has urged Rishi Sunak to create new market subsidy regimes to spur the UK’s fledgling CCUS and hydrogen industries. In its submission to the Treasury’s spending review, the employers’ body has included a raft of measures to spur economic growth that also delivers the UK’s net-zero goals
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A new authority should be established to oversee the North Sea’s development and ensure “uncoordinated” offshore wind farm growth does not deprive hydrogen and carbon capture and storage infrastructure of access to seabed space, an influential right wing thinktank has urged.
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A group of twelve companies and organisations have submitted a bid for government funding to help create a zero-carbon industrial hub in the Humber region by 2040. The Zero Carbon Humber partnership said the project could reduce the UK’s total annual carbon emissions by 15 per cent, save businesses around £27.5 billion in carbon taxes over the next two decades, safeguard 55,000 existing jobs and create thousands more.
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The Climate Assembly’s recent report surprised many by showing that the public back even tougher climate change action than many politicians had assumed. The question now is how seriously their opinions will be taken in driving policy forward – especially the lack of appetite for nuclear and CCS to be part of the net-zero generation mix.
Analysis
Leaving delivery of net zero to the Department for Business, Energy & Industrial Strategy, will put meeting the 2050 target at risk, the director of the Northern Powerhouse Partnership has claimed.
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Darren Jones said the UK needs to understand the capacity of carbon capture and storage for scaling up decarbonisation efforts but said in his view it is “only a temporary solution”. He was speaking after the Climate Assembly UK report highlighted public opposition for the technology.
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The UK could secure two thirds of its electricity needs from renewable energy sources by 2030 at no extra cost to meeting half of total demand. This is according to the National Infrastructure Commission (NIC), which cites the plunging cost of solar and wind power in recent years as a spur to go “further, faster without hitting consumers in the pocket”.
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“If you don’t want to make a decision, you can always find a reason for not making it,” says John Armitt, chairman of the National Infrastructure Commission, on the lack of energy policy coming out of BEIS. We’re risking missing net zero targets if it doesn’t make its mind up soon, he tells Denise Chevin.
Analysis
Equinor has announced plans to build a hydrogen production facility as the first step towards creating a low-carbon industrial cluster in the Humber region. The Hydrogen to Humber Saltend project will see a 600MW auto thermal reformer installed at the Saltend Chemical Park near Hull.
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Drax has announced plans to hold a second trial of bioenergy with carbon capture and storage under a partnership with Mitsubishi Heavy Industries (MHI). A new pilot facility will be installed at its Yorkshire power station and used to test whether two of MHI’s proprietary solvents are suitable to extract carbon dioxide from the biomass flue gases.
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The five gas network operators in Great Britain have put forward joint plans to “lay the foundations for the world’s first zero carbon gas grid”. The companies have urged the government to give its support to the proposals as part of its economic response to the coronavirus crisis. Research from the Energy Networks Association claims the £182 billion of investment required to decarbonise gas networks could be paid back through benefits to consumers by 2045 and go on to deliver £89 billion of additional benefits by the middle of the century.
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