ScottishPower has been awarded funds to create clean coal demonstration projects at two sites in the U.K..
Funding was awarded to E.ON, one of the UK's leading integrated power and gas companies, and ScottishPower, a vertically integrated energy company with its headquarters in Glasgow, Scotland, for the development of commercial scale Carbon Capture and Storage (CCS) demonstration plants.
ScottishPower's chief executive, Nick Horler, said of the project that "the real work of finally making CCS a commercial reality begins today as this funding will now enable ScottishPower to take the technology from concept to design stage."
Implications - Technology such as this is a step away from the drastic environment-harming practices of the past, so it's no surprise to see a company like ScottishPower moving forward to take it to the next level.
What's Driving This Trend
- Clean Coal Demonstration Projects
- ScottishPower receives funding to create clean coal demonstration projects at two sites in the UK.
- Carbon Capture and Storage (CCS) Technology
- Funding was awarded to ScottishPower and E.ON for the development of commercial scale CCS demonstration plants.
- Making CCS a Commercial Reality
- ScottishPowers' CEO stated that this funding enables them to take the technology from concept to design stage, making CCS a commercial reality.
Who This Affects Most
- Energy
- ScottishPower's funding for clean coal demonstration projects and CCS technology is a disruptive innovation opportunity for the energy industry.
- Power and Gas
- E.ON's funding for CCS technology is a disruptive innovation opportunity for the power and gas industry.
- Environmental Services
- Carbon capture and storage technology creates a new opportunity for the growth of the environmental services industry.
