SSE (LON:SSE) saw its thermal division – the utilities firm’s gas-fired power plant arm – triple its profits during 2022 as it brought on new generation and enjoyed higher power prices.
Just a fraction of those offered sites by the NSTA have come forward - and an offer made doesn't mean it will be accepted. We explore what those successful companies have to consider.
Energy Voice offers a rundown of the North Sea operators who have successfully bagged permits under the UK’s first ever carbon storage licensing round.
Twelve companies have secured a total of 20 licences as part of the UK’s first-ever carbon storage licensing round, spurring on development of several CCS clusters.
By By Michael Diamond, Managing Director Scotland, Norman Broadbent Group
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Aberdeen’s ongoing transition of decarbonising the oil and gas industry and investing in the development of sustainable green energies has the potential to inject new life into the city, restoring its position on the world stage as an economic powerhouse.
Harbour Energy is upbeat about the ability of oil and gas workers to move into CCS though, hailing it as the “only new business” that uses the exact same “expertise and competence”.
Offshore Energies UK will host its first dedicated event on carbon capture and storage (CCS) next month, as it looks at next steps for the emergent sector.
The expansion of Peterhead Power Station has come under fire from environmental campaign groups after it emerged both the new and old gas plants could be kept running concurrently in the case it is needed for security of supply.
Every north-east SNP politician at Westminster and Holyrood has accused the UK Government of failing to give credible details on giving the green light to a major energy scheme.
Backers of the Scottish Cluster and the north-east’s Acorn carbon capture project welcomed news that the scheme is a frontrunner for the government’s Track 2 funding process.
Aberdeen-based carbon capture firm CCU International has landed a six-figure deal with a group led by consumer good multinational Unilever and the Society of Chemical Industry (SCI).
A Peterhead industry boss has told the Chancellor to pick up the pace on support for the Acorn CCS project – warning the region has “waited too long for this as it is”.
Chancellor Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
The path has not run smooth for the north east’s Acorn CCS project, however new funding commitments in the Spring Budget may finally see the pioneering plans take root.
Chancellor Jeremy Hunt vowed to commit £20bn to carbon capture technology over the next two decades, alongside new support for small modular nuclear reactors (SMRs).