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ETI project identifies cost effective CCS storage sites off the UK coast

12 May 2016

Andrew Green
Andrew Green Programme Manager

The results from this project have confirmed the understanding that there are no major technical hurdles to moving industrial scale CO2 storage forward in the UK. Indeed the UK could form the basis of a storage resource that could service the needs of many parts of Europe in addition to its own needs. The five sites featured in the study, along with three others developed previously, could collectively store over 1.5GT of CO2, and could be fully operational as early as 2030 which would be enough to service a significant roll out of commercial projects, including up to 10GW of power generation and major industrial sources fitted with CCS, as highlighted in earlier ETI analysis. This would represent the development of only 2% of the UK’s national storage resource potential. Our view is that CCS should still play an important role in the long-term decarbonisation of the UK energy system and continues to offer the lowest cost solution to meeting the UK’s legally binding 2050 climate change targets. The report recommends that further work takes place to build the business case for CCS and CO2 storage in the UK and calls for more research to be undertaken to reduce the ongoing cost of storing CO2. There should also be more work to further develop confidence among investors and the public on the technologies used to plan, operate and monitor safe CO2 storage sites in UK waters. Together these further activities will contribute strongly to delivering the best chance of the early mobilisation and delivery of CCS and offshore CO2 storage in the UK making a positive contribution to achieving the UK’s carbon emission reduction commitments for 2030 and beyond.