Abstract |
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 CCS
- The storage sites closely relate to existing gas industry and power generation locations
- Gas power plant is cheap and quick to build compared to its competition; CCS (on gas) is competitive
- Mid 2020’s sees a need for significant new generation –the market should value reliable, despatchable power
- Gas 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 competencies
- Gas CCGT with CCS provides both capacity and green electrons – it avoids having to subsidise an OSW plant for green electrons and an OCGT for reserve
- High OSW penetration could be increasingly costly –having CCS as an option will be valuable
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