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The project has reached financial close, following the UK governments announcement of a £21.7bn commitment to CCUS initiatives.
Technip Energies and GE Vernova have been awarded a significant contract for the Net Zero Teesside power project (NZT Power) a pioneering gas-fired power station incorporating carbon capture and storage.
The consortium, led by Technip Energies and supported by GE Vernova and Balfour Beatty, has received the go-ahead from NZT Power to commence the engineering, procurement and construction phase.
The project has reached financial close, following the UK government’s announcement of a £21.7bn ($13.87bn) commitment to carbon capture and storage initiatives.
The NZT Power project aims to capture up to 2Mt of CO2 annually, which will be transported and stored by the Northern Endurance Partnership.
The plant is expected to produce up to 742MW of low-carbon electricity, enough to power one million UK homes. It seeks to become the world’s first gas-fired power plant equipped with carbon capture and storage technology.
Technip Energies CEO Arnaud Pieton stated: “We are excited to partner with GE Vernova and Balfour Beatty on the first-of-its kind Net Zero Teesside Power project. This award confirms Technip Energies’ leading position as a provider of state-of-the-art integrated CCUS (carbon capture, utilisation and storage) solutions.
“I would like to thank Net Zero Teesside Power for their trust. This groundbreaking project represents a significant milestone in our collective efforts to advance carbon capture technology at scale and support the UK’s ambitious climate goals through low-carbon power generation from gas combined with renewables.
“By leveraging our Canopy by T.EN solution powered by Shell’s CANSOLV CO2 capture system, we aim to set a new standard for low-carbon power generation. This project not only underscores our commitment to innovation and sustainability but also highlights the critical role of collaboration in driving the energy transition forward.”
The UK government supports this initiative, which could create 3,000 construction jobs and sustain 1,000 jobs annually during operation. The project aligns with the UK’s goal of achieving net-zero carbon emissions by 2050 and is anticipated to attract private investment.
Technip Energies, GE Vernova and Balfour Beatty are set to deliver a combined cycle plant with an integrated carbon capture system.
The plant will feature GE Vernova’s 9HA.02 gas turbine and benefit from a 16-year maintenance service contract.
GE Vernova CEO Maví Zingoni stated: “We believe CCUS technology can be crucial to help decarbonise the planet, and we welcome the commitment from the UK government to invest in its implementation as well as NZT Power’s trust in our technology. Flagship projects like Net Zero Teesside Power can give the industry foundations to grow.
“We look forward to powering the station with our advanced H-class combined cycle technology, as well as proceeding with the first commercial use of our exhaust gas recirculation system and integration technologies, which aim to support carbon abatement by boosting the efficiency and performance of carbon capture.”
The Carbon Capture Alliance, comprising Technip Energies, GE Vernova, Balfour Beatty, and Shell Catalysts & Technologies, is committed to long-term investment in the UK, leveraging its local footprint and supply chain. |
