UK splits £171mn across nine CCS and hydrogen projects
UKRI competition is latest stage of mission to create first net-zero industrial cluster by 2040
The UK has awarded £171mn ($238mn) of public funding across nine significant decarbonisation projects. The capital is the second phase of the Department for Business, Energy and Industrial Strategy’s (BEIS’) “industrial clusters mission” to significantly reduce the emissions of at least one industrial cluster by 2030 on the road to it achieving net-zero status by 2040. While the announcement has, of course, been universally welcomed by the recipient projects it does little to narrow the field for which cluster—or clusters—will ultimately receive sufficient support to achieve the BEIS target. While the phase two funding pot was larger than that for phase one, it represents enough capital only
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology