Portfolio
UK Flexible Power with Carbon Capture & Reuse ("CCR")
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It is undeniable that renewable energy is highly desirable as a cheap and carbon neutral energy source. However, without an infrastructure in place to deal with the intermittency of renewable sources such as solar and wind, the logic of adding renewable energy becomes less strong or the task itself simply becomes problematic due to the challenges imposed on the grid operator.
This asset supports renewable energy access through grid stabilisation, while reducing greenhouse gas emissions at the point of generation. It incorporates advanced technology to enhance efficiency and captures carbon dioxide as a by-product, repurposing it for use in the food and beverage sector, thereby reducing reliance on alternative sources of CO₂ production
By combining a range of existing and proven technologies, this programme offers a very compelling solution to enable further renewable energy penetration in the UK energy mix.
The key project partners include Rolls Royce, Turboden and Climeon. The operating partner is Landmark Power Holdings Ltd, which is led by a group of UK energy specialists.
A 15-year power offtake and gas supply agreement was signed with Axpo and a first batch of sparkspread hedges were secured, locking in healthy margins for the project. In addition, a 15-year offtake agreement for food-grade CO2 was also signed on attractive terms with an industrial gas specialist group. Additional revenues can be sourced from grid ancillary services such as balancing mechanism and capacity market; and additional margin can be captured via private wire to local industrial user.