The Department for Energy and Climate Change (Decc) has announced a £2.5M fund for the development of CO2 storage in the North Sea.
The money will help companies identify the next phase of sites under the sea to store the CO2 emissions from coal and gas power stations as well as heavy industry such as steel and cement factories.
The £2.5m is new funding from Decc’s Innovation Fund, and will be delivered by the Energy Technologies Institute (ETI).
ETI will issue a call for proposals by the end of December, with a deadline of 5 February 2015; with a view to awarding contracts and beginning work by spring 2015. The government is hoping the fund will leverage more cashfrom other partners and industry. Developing a storage site from scratch can take six to nine years, it said.
Today, National Grid has announced the award of a subcontract to ADTI (Applied Drilling Technology International) which will support its CO2 storage work in the North Sea as part of the White Rose Front End Engineering and Design Study (FEED).