UK to Invest 200m Pounds in North Sea Carbon Capture Project
Britain will invest 200 million pounds ($272 million) in the Acorn carbon capture and storage (CCS) project in Scotland, the government said on Thursday, fleshing out details of funding for the technology announced in a spending review on Wednesday.Britain has a climate target to reach net zero emissions by 2050 and has said CCS will be needed to curb emissions from energy-intensive industrial sectors.Acorn, being developed by Storegga, Shell UK, Harbour Energy and North Sea Midstream Partners, in St Fergus, Scotland, will capture carbon dioxide emissions from industry and store them under
Tidal Power Firm gets Funding from Scottish Gov't
proceeds will be used to develop a subsea tidal turbine connection hub for the next phase of development of the MeyGen tidal power array, the world's largest tidal stream power project, SIMEC Atlantis Energy, the parent company of MeyGen Ltd. said.The MeyGen Phase 1A, located off the northern tip of Scotland, formally entered the 25-year operations phase in April 2018.The Saltire Tidal Energy Fund is a £10 million fund supporting the commercial deployment of tidal energy generation in Scottish waters through driving innovation and a reduction in the cost of electricity generation.The awarded funding
February 2025
