Technip Energies (PARIS: TE), along with GE Vernova and construction partner Balfour Beatty, has been awarded a Letter of Intent from bp on behalf of NZT Power Limited for the execution phase of the Net Zero Teesside Power (NZT Power) project in the UK.
This project is set to be one of the world’s pioneering commercial scale gas-fired power stations with carbon capture, aiming to capture up to 2 million tonnes of CO2 annually. Expected to provide flexible, low-carbon power equivalent to the needs of around 1.3 million UK homes, it further supports the nation’s move towards cleaner energy.
The NZT Power project is a crucial part of the Carbon Capture, Usage, and Storage (CCUS) East Coast Cluster, shortlisted for government funding support under the UK’s net-zero program. The recent grant of the Development Consent Order by the Secretary of State for the Department for Energy Security and Net Zero underscores its significance.
Technip Energies, GE Vernova, and Balfour Beatty, with support from Shell, are forming the Carbon Capture Alliance (CCA), committed to long-term investment in the UK. This aligns with the UK government’s commitment to deploy up to £20 billion to create four CCUS clusters by 2030, including the East Coast cluster encompassing Teesside.
Arnaud Pieton, CEO of Technip Energies, expressed pride in their selection for the NZT Power project, highlighting their leadership in providing CCUS solutions. Maví Zingoni, CEO of Power at GE Vernova, emphasized the project’s role in supporting the UK’s decarbonization goals, while Leo Quinn, CEO of Balfour Beatty Group, hailed it as a significant step towards achieving net-zero targets, showcasing the UK’s readiness to lead in decarbonizing industrial operations.
