As an independent player, Storegga is able to de-risk and execute these energy transition projects at lower cost and at faster pace. This will enable us to deliver the environmental and societal benefits to support carbon net zero targets earlier and driving superior shareholder returns.
In July 2020 Storegga acquired Pale Blue Dot Energy. We are the lead developer of the Acorn CCS Project and the Acorn Hydrogen Project in North East Scotland. Acorn is presently positioned to be the UK’s first, cost-efficient and scalable carbon capture and storage project. In addition we are exploring the potential to build the UK’s first Direct Air Capture Plant (DAC) through our alliance with Carbon Engineering.
In 2020 Storegga received an initial investment from Macquarie Bank Ltd, a global investor in energy transition and infrastructure projects.