The money will help companies identify the next phase of sites under the Sea to store the CO2 emissions from coal and gas power stations as well as heavy industry such as steel and cement factories.

The £2.5m is new funding from DECC’s Innovation Fund, and will be delivered by the Energy Technologies Institute (ETI).

The ETI has issued a call for proposals, with a deadline of 5th February 2015, with a view to awarding contracts and beginning work by spring 2015. It is hoped that the Government funding will catalyse further funding from other partners and industry. Developing a storage site from scratch can take 6-9 years – therefore it is important this work is started now to ensure sites will be ready and available when they are needed.

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Source: Carbon Capture Journal, 17 Dec 20145