The government yesterday revealed it intends to resurrect its £1bn carbon capture and storage (CCS) competition, just a few months after £1bn from a first failed attempt at promoting the technology was reallocated to other infrastructure schemes by the Treasury.
The competition, called the CCS Commercialisation Programme, restates its predecessor’s aims to develop practical experience in the design, construction and operation of commercial scale CCS with £1bn capital funding. Additional support, subject to affordability, could be available through low carbon Contracts for Difference
Energy and climate change secretary Edward Davey revealed there would also be £125M funding available for research and development, including a new £13M UK CCS Research Centre.
The government hopes that with a new focus on international engagement, learning from other projects around the world, will help the technology’s cost reduction in the UK.
Firms will have to register their interest via the Official Journal of the European Union inviting organisations by 13 April.