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Member News28th Sep 2023

Centrica’s Spirit finds potential clients for Morecambe Bay storage

The Morecambe Net Zero (MNZ) Cluster has signed a Memorandum of Understanding (MoU) to explore subsea storage opportunities for CO2 captured by the Peak Cluster. Together, MNZ, led by Centrica upstream subsidiary Spirit Energy and Peak Cluster will accelerate the UK’s journey to net zero, they said in a September 28 statement.

Peak Cluster comprises four of the UK’s leading cement and lime producers in Derbyshire and Staffordshire. Their plants are responsible for 40% of cement and lime production in the UK, a very emissions-intense industry. And as operator of parent company Centrica’s Morecambe Bay gas fields (see below), Spirit Energy has access to depleted gas fields able to store up to 1 Gt of CO₂.

Through the MoU, MNZ and Peak Cluster will explore together how these organisations could access the MNZ Cluster’s permanent and safe storage solution.