Net Zero Teesside Power (NZT Power) and Northern Endurance Partnership (NEP) have reached financial close and entered the execution phase, marking a significant milestone for the UK’s carbon capture and storage (CCS) ambitions.
The £4 billion projects aim to create the world’s first gas-fired power station with carbon capture technology, alongside essential CO2 transportation and storage infrastructure.
Wood, a global consulting and engineering firm, has been selected to provide integrated project management services for the next phase of these flagship initiatives.
The company will be responsible for specialist support services, including project and construction management, engineering and technical assurance, and digital systems integration across all nine contractors.
NZT Power is forecasted to generate up to 742 megawatts of low-carbon power, equivalent to the annual average electricity requirements of approximately 1 million UK homes in the UK.
The project is expected to create more than 3,000 construction jobs and 1,000 operational positions.
Craig Shanaghey, Executive President of Projects at Wood, said: “As a UK headquartered company, continuing to support a world-leading decarbonisation project in our own backyard is monumental.
“Our integrated team working closely with Net Zero Teesside Power and Northern Endurance Partnership is leading the energy transition by designing and advancing the energy ecosystem.
“We are proud to be a strategic ally through the full lifecycle of this project from inception to operation.”
Construction is set to commence in mid-2025, with operations targeted to begin in 2028. This development aligns with the UK Government’s Net-Zero Strategy and represents a significant step towards achieving the country’s carbon reduction targets whilst stimulating economic growth in the Teesside region.
