SSE Thermal and Equinor have announced plans to jointly develop a new low-carbon power station at Peterhead, which could become one of the UK’s first power stations to be equipped with carbon capture technology.
It is planned that Peterhead CCS power station will be a new 900 MW gas-fired power station fitted with carbon capture technology. It is estimated it will capture up to 1.5 million tonnes a year of CO2 from its emissions, achieving on its own 15 per cent of the UK Government’s target to capture 10 MT of CO2 annually by 2030.
Situated on Scotland’s east coast, the Peterhead site is well located for carbon capture technology, with ready access to essential CO2 transport and storage infrastructure being developed through the well-advanced Acorn Project. The Acorn CO2 Storage site, which will be used by the Acorn Project to safely store CO2, is located 100 km offshore in rock formations deep below the North Sea. Peterhead CCS Power Station and the Acorn Project both won funding from the UK Government’s £171 million pot for the Industrial Decarbonisation Challenge Fund, as part of Scotland’s Net Zero Infrastructure programme.
The Peterhead CCS Power Station project is in the development stage and final investment decisions will depend on the progress of the necessary business models and associated infrastructure. The new station could come online by 2026.