In a groundbreaking development, a consortium led by Technip Energies, in partnership with GE Vernova and Balfour Beatty, has been granted approval to proceed with the Net Zero Teesside Power (NZT Power) project in the UK. The project, set to become the world's first gas-fired power station with carbon capture and storage, is a joint initiative between energy giants bp and Equinor. It aims to generate 742 MW of dispatchable low-carbon power, supporting the UK Government's Clean Power 2030 ambition. Additionally, the plant plans to capture and store up to 2 million tons of CO2 annually through the Northern Endurance Partnership. Financial close has been achieved, with a significant contract award of over €1 billion to Technip Energies, marking a milestone in the development of this innovative power station. The integration of cutting-edge technologies, such as Canopy by T.EN and Shell's CANSOLV CO2 Capture System, demonstrates a strong commitment to carbon abatement and efficiency. Moreover, the project highlights the UK government's dedication to advancing carbon capture initiatives, with a recent pledge of £21.7 billion towards similar projects. This substantial investment underscores the country's push towards a cleaner energy future. The involvement of key players like GE Vernova and Balfour Beatty further emphasizes the industry's drive towards sustainable and efficient power generation. The collaboration between these industry leaders not only sets a new standard for power plants but also paves the way for future advancements in carbon capture technology. The positive sentiment surrounding the NZT Power project reflects a shared vision for a greener and more sustainable energy landscape.