Storegga was established in 2019 as an independent champion for the development of carbon reduction and carbon removal technologies.

In 2020, Storegga acquired Pale Blue Dot, the lead developer of the Acorn Project in North East Scotland. Together, Storegga is a multi-disciplinary team with diverse experience in delivering major infrastructure projects and growing successful businesses.

Storegga has received significant international investment from the Australian investment bank Macquarie Bank Ltd; GIC, Singapore’s sovereign wealth fund and Mitsui & Co. Ltd., a global trading and investment company.

Pale Blue Dot Energy, which is wholly owned by Storegga, was established in 2013 believing there were opportunities created by the low carbon energy transition, for those who can bring together an understanding of emerging technologies, future markets and are willing to innovate. This led to work on several different strands of the energy transition including CCS, hydrogen, circular economy, energy efficiency, waste reduction, energy storage and technology development in the distilling sector. This work was undertaken for, and in partnership with, both public and private organisations.

CO2 Deepstore

2007

Formed to develop CCS and CO2 storage

Pale Blue Dot Energy

2013

Team forms PBDE as an energy transition business

Paris Agreement

2015

Acorn Licence

2018

PBDE awarded a CO2 Storage licence

Storegga

2019

Launched as a CCS infrastructure developer

Storegga & Pale Blue Dot merge

2020

Macquarie back Storegga to acquire PBDE

Global investors

2021

Macquarie makes second investment joined by GIC and Mistsui & Co. Ltd