Slideset from a presentation given to the IGEM Annual Conference 2016.
No! It’s not dead!The UK has massive CO2 storage potential; it also has tremendous gas infrastructure (assets and people) to support CCSThe storage sites closely relate to existing gas industry and power generation locationsGas power plant is cheap and quick to build compared to its competition; CCS (on gas) is competitiveMid 2020’s sees a need for significant new generation –the market should value reliable, despatchable powerGas companies may be sufficiently motivated to develop new long term customers that they may take new risks –storage, capture and transport are all existing gas company competenciesGas CCGT with CCS provides both capacity and green electrons – it avoids having to subsidise an OSW plant for green electrons and an OCGT for reserveHigh OSW penetration could be increasingly costly –having CCS as an option will be valuable
No! It’s not dead!The UK has massive CO2 storage potential; it also has tremendous gas infrastructure (assets and people) to support CCSThe storage sites closely relate to existing gas industry and power generation locationsGas power plant is cheap and quick to build compared to its competition; CCS (on gas) is competitiveMid 2020’s sees a need for significant new generation –the market should value reliable, despatchable powerGas companies may be sufficiently motivated to develop new long term customers that they may take new risks –storage, capture and transport are all existing gas company competenciesGas CCGT with CCS provides both capacity and green electrons – it avoids having to subsidise an OSW plant for green electrons and an OCGT for reserveHigh OSW penetration could be increasingly costly –having CCS as an option will be valuable