A consortium consisting of Technip Energies, GE Vernova, Balfour Beatty Group, and Shell Catalysts & Technologies has been given the green light to construct a 742-MW Net Zero Teesside Power project in northeast England. This project aims to be one of the first commercial-scale gas-fired power plants with carbon capture and storage. The captured emissions will be stored beneath the North Sea for permanent storage. The project, owned by NZT Power Ltd., which includes energy giants bp, Equinor, and TotalEnergies, has reached financial close with construction set to begin next year. The U.K. government has shown its support by approving the project, which is part of a larger initiative to invest in projects that capture and store carbon emissions. The plant is expected to start operations in 2028, capturing an estimated 2 million tons of CO2 annually. This endeavor is projected to create thousands of construction jobs and attract private investment to the region. Despite challenges such as claims of underreported carbon savings and legal disputes, the project signifies a step towards cleaner energy and industrial growth in the U.K.