Energy Transition Outlook 2019

CCUS

OGCI Climate Investments – Net Zero Teesside Net Zero Teesside aims to decarbonise a cluster of carbon-intensive businesses by as early as 2030 and deliver the UK’s first zero-carbon industrial cluster. Led by OGCI Climate Investments and with direct project support from BP, ENI, Equinor, Occidental Petroleum, Shell and Total, the project is working with Government to capture and store up to 6Mt of CO 2 each year – the equivalent to the annual energy use of over 2 million UK homes.

Acorn CCS Headed by Pale Blue Dot Energy, the Acorn CCS project, located at the St Fergus Gas terminal, has the potential to store 16MT of CO 2 a year, with the expected capacity to be in the region of 650Mt CO 2 . The project will be reusing legacy oil and gas infrastructure, saving around £548million when compared to the cost of a new build. Initial injections are feasible from 2023.

Wind

Equinor Renewables in Dogger Bank In the most recent Crown Estate leasing process, Equinor gained the leases for three 1.2GW developments in the Dogger Bank region. Totalling 3.6 GW, the production will supply 4.5 million homes with electricity when it comes into generation in 2023 increasing the current offshore wind capacity by roughly 40%, representing 5% of the total UK electricity generation.

Hywind Scotland Hywind Scotland is a planned 30MW floating wind farm, the first of its kind. Consisting of five 6MW turbines Hywind Scotland has the potential to supply electricity to 22,000 homes across north east Scotland. The project showcases the potential for larger scale floating wind farms.

Hydrogen

Tidal, Wave, etc.

Less proven forms of energy production , such as the West Anglesey Tidal energy project could pave the way for a more varied low carbon future and offer further diversification potential for operators and supply chain companies alike. Significant research and development is yet required to prove such technologies will work at scale, but applications on a smaller scale may prove vital in decarbonising offshore operations.

Drax Zero Carbon Humber Projects Drax’s two-phase process for achieving a Zero Carbon Humber by 2040 involves an initial construction of CCUS and hydrogen test facilities in one of Drax’s power units, allowing for up to 16MT of negative emissions annually whilst supplying a low carbon fuel source to multiple end users.

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