How much will the UK spend on the peak cluster project?

The UK government has announced that it will allocate $38.9 million (£28.6 million) to the Peak Cluster project—a carbon capture and storage (CCS) initiative that will tackle industrial CO2 emissions and store them underground.

Will the peak cluster project be a better project?

Yes, at all stages. We are absolutely convinced that the Peak Cluster project will be a better project if it is a joint e ort between ourselves as developers, the various local authorities along the route, and the adjacent communities and relevant stakeholders.

Is Coalburn a good investment in UK energy storage?

The 500MW/1,000MWh Coalburn project in Scotland, UK, currently under construction. Image: CIP. Despite a 12% year-on-year fall in the capacity of newly submitted planning applications in 2024, there is still a strong interest in the UK energy storage market as a whole.

How much battery storage capacity is there in the UK?

Fig 1: There is over 440 GWh of battery storage capacity in the UK pipeline including 274 GWh (61%) at the pre-planning stage. Most of the projects are in the early stages: either announced by developers, included in the TEC register, or have screening/scoping applications submitted.

How will Derbyshire & Staffordshire's redevelopment project impact the economy?

The project is set to generate the equivalent of £1.8bn GVA by 2050, creating and safeguarding more than 13,000 jobs across Derbyshire, Staffordshire and Cumbria, and attracting a further £5bn of investment in construction and operations. It will also see a combined annual increase of £154m in skills uplift and wage increases.