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    CNA   GB00B033F229

CENTRICA PLC

(CNA)
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Delayed London Stock Exchange  -  11:35:28 2023-03-30 am EDT
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Centrica : plan green energy hub at former gas power plant

01/24/2023 | 05:17am EDT

A former gas fired power plant in North Yorkshire is to be turned in to a green energy hub under ambitious plans by Centrica.

The energy company has acquired the four-acre former Knapton Generating Station from Third Energy and plans to develop a 28MW battery on the site.

In addition, Centrica is exploring how Knapton could be used for off-grid hydrogen production, as well as the possibility for solar energy in the surrounding area.

"We're quickly acquiring a portfolio of assets that can play an important role in facilitating a net zero future for the UK"

Greg McKenna, Managing Director of Centrica Business Solutions

The multi-million pound deal is part of Centrica Business Solutions strategic plan to create a 900MW portfolio of solar and battery assets by 2026. 

The first project at the site near Malton will be a 56MWh battery which will utilise some of the 41.5MW export capability of the existing grid connection. It's anticipated the battery would be able to power around 14,000 homes for two hours.

"Taking an old fossil fuel asset and revitalising it to help advance the decarbonisation of the grid not only feels the right thing to do from a sustainability point of view, but aligns with our strategy," said Greg McKenna, Managing Director of Centrica Business Solutions. "We're quickly acquiring a portfolio of assets that can play an important role in facilitating a net zero future for the UK."

Gas production ended at the site in 2019 and the Knapton site has been cleared of all gas processing equipment and the gas turbine. Together with its housing shed and associated equipment, it has been dismantled and removed. Third Energy will retain the ownership of the 12 well-sites and associated gas pipeline network.

  • Michael Pullan, Head of Digital Communications

    T: 07557 619446

    E: michael.pullan@centrica.com

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Centrica plc published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 10:16:03 UTC.


© Publicnow 2023
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Sales 2023 41 062 M 50 801 M 50 801 M
Net income 2023 1 056 M 1 306 M 1 306 M
Net cash 2023 1 565 M 1 936 M 1 936 M
P/E ratio 2023 5,27x
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Capitalization 5 997 M 7 419 M 7 419 M
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Nbr of Employees 19 743
Free-Float 99,0%
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