Balfour Beatty, in collaboration with Technip Energies and GE Vernova, has received a Letter of Intent from bp, representing NZT Power Limited, to advance the Net Zero Teesside Power project to its next phase.
The Net Zero Teesside Power project, a partnership between bp and Equinor, is poised to be among the world’s pioneering commercial-scale gas-fired power stations with carbon capture capabilities, targeting the capture of up to 2 million tonnes of CO2 annually. The project aims to provide flexible, dispatchable low-carbon power equivalent to the average electricity needs of around 1.3 million UK households.
Teaming up with Technip Energies and GE Vernova, Balfour Beatty will undertake the construction of an advanced combined-cycle plant integrated with a cutting-edge carbon capture facility, employing Technip Energies’ Canopy by T.ENTM solution powered by Shell CANSOLV® CO2 capture technology.
Leveraging its extensive expertise and comprehensive multidisciplinary capabilities, Balfour Beatty will oversee this groundbreaking project, utilizing its industrial mechanical and electrical (M&E) heritage and employing modular construction methods to fabricate M&E equipment and plant rooms in a controlled factory environment.
Leo Quinn, Balfour Beatty Group Chief Executive, remarked on the significance of this milestone in advancing the UK’s transition to Net Zero, highlighting Balfour Beatty’s readiness to lead in decarbonizing the industrial sector.
Technip Energies’ CEO, Arnaud Pieton, underscored the company’s role in providing scalable CCUS solutions, emphasizing the project’s contribution to sustainable energy production.
Maví Zingoni, CEO of Power at GE Vernova, emphasized the project’s alignment with the UK government’s decarbonization objectives and the crucial role of carbon capture in emission reduction and ensuring reliable power supply.
Balfour Beatty’s selection follows the recent approval of the Development Consent Order by the Secretary of State for the Department for Energy Security and Net Zero, with the project shortlisted for UK Government funding.
The final contract award is contingent upon regulatory approvals and final investment decisions expected to be made in September 2024 or earlier.
