The overall value of carbon carbon storage (CCS) technology is greater than cost per MWh, the Energy Technologies Institute (ETI) has said. In a report released on Tuesday, ETI said that CCS could be used to store up to 20 percent more electricity from renewables and other sources by 2050. The electricity system is an interconnected whole, so its overall cost reflects the interaction of the whole generation mix. But George Day, head of economic strategy at the ETI, said that CCS had integration benefits and that with the right risk-sharing deal, £85/MWh could be achieved. Day added that the costs of CCS cannot be revealed, or come down, until there is a commitment to delivering a large-scale project.
The overall value of carbon carbon storage (CCS) technology is greater than cost per MWh, the Energy Technologies Institute (ETI) has said. In a report released on Tuesday, ETI said that CCS could be used to store up to 20 percent more electricity from renewables and other sources by 2050. But George Day, head of economic strategy at the ETI, said that CCS had integration benefits and that with the right risk-sharing deal, £85/MWh could be achieved. Day added that the costs of CCS cannot be revealed, or come down, until there is a commitment to delivering a large-scale project.