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British Geological Survey
British Geological Survey:
Dr Maxine Akhurst
Mrs Karen Kirk
Mr John Williams
This project will, through a partnership between the BGS and Storegga, provide an economic appraisal of the commercial storage opportunities for the UK. The requested funds will support BGS’ assessment of available UK storage resources in support of Storegga’s economic assessment which is being provided as a significant in-kind contribution.
BGS will provide the assessment of storage capacity by extending two current IDRIC projects and utilising previous results and methodologies developed by the BGS team in previous projects. We will take account of the storage requirements for the decarbonisation of UK industrial clusters, which is an important input that will shape future policy in storage development.
The outputs of this study, communicated via targeted engagement, will enable UK policy makers and storage developers to build in scenarios of future European storage demand within the UK and the associated revenue generation, to inform future policy development and reduce costs and investment risks.