A newly completed Feasibility Report has confirmed that natural gas with carbon capture can be delivered competitively against other alternatives, paving the way for flexible clean electricity generation that can help integrate into the power grid the UK’s growing number of wind and solar projects, while also creating a new CO2 capture industry.
This is according to Seattle-based energy development company Summit Power who undertook the study over a two-year period. The study concluded that a natural gas power plant with CO2 capture, using existing commercial technology, is both technically and financially feasible, and can be delivered in the early 2020s to ensure that the UK power grid remains stable as unabated fossil fuels are phased out and renewable energy projects increase.
Stephen Kerr, Summit Caledonia Project Director said, “It’s clear there can’t be any more unabated gas in the UK if we hope to meet climate targets. It’s also clear that we need the flexibility and resilience that the Caledonia plant offers and which can be delivered at a much lower cost than previously thought possible.”
The Caledonia Clean Energy Project (CCEP) will be located near Grangemouth on the Firth of Forth in Scotland. However, the CCEP power plant design can now be deployed anywhere in the world as a valuable new project type. Captured CO2 will be transported via largely existing onshore and offshore pipelines, previously used to transport natural gas, to a deep and secure geological storage site thousands of metres below the North Sea.
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