Storegga develops and de‑risks large‑scale carbon capture and storage (CCS) projects and green hydrogen facilities, handling everything from site selection and engineering design to permitting and financing. By leveraging existing offshore pipeline networks, it creates transport corridors that move captured CO₂ to proven geological storage sites and produces electrolytic hydrogen for industrial use, aligning projects with national decarbonisation strategies and securing government and private funding.
Funding
$175.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Industrial processes and power generation emit large quantities of CO₂, while the transition to low‑carbon fuels such as green hydrogen requires substantial infrastructure and financing. Without coordinated capture, transport, and storage solutions, emissions remain high and the scaling of clean energy projects is hindered.
Solution
Storegga develops and de‑risks large‑scale carbon capture and storage (CCS) projects and green hydrogen facilities across multiple regions. The company advances projects from early concept through engineering design, stakeholder engagement, and government‑backed funding, securing contracts that enable construction and operation. By integrating existing pipeline networks, such as the National Gas SCO₂T Connect route, Storegga creates transport corridors that link CO₂ sources to secure underground storage sites in the North Sea and other basins. Parallel hydrogen initiatives, including the Cromarty and Speyside projects, produce electrolytic hydrogen for heavy‑industry and sector‑specific applications, reducing reliance on fossil fuels. Storegga’s role as an independent developer allows it to align with national decarbonisation strategies, attract public investment, and position projects for private sector participation.
Target Audience
Primary customers are energy producers, heavy‑industry operators, and utilities seeking large‑scale CO₂ storage or green hydrogen supply, as well as governments and investors supporting national decarbonisation programmes.
Features
- End‑to‑end development of CCS hubs, covering site selection, engineering, permitting, and financing
- Utilisation of existing offshore pipeline infrastructure to transport captured CO₂ to proven geological storage reservoirs
- Front‑End Engineering Design (FEED) contracts with major engineering firms to accelerate project timelines
- Development of green hydrogen facilities capable of producing up to 25 t/day of electrolytic hydrogen for industrial use
- Securing government development funding (e.g., £200 M for the Acorn CCS project) and business‑model contracts for hydrogen projects
- Multi‑regional portfolio spanning the UK, Norway, Malaysia, and the United States, leveraging diverse geological storage capacities