About Stockholm Carbon Flywheel Energy Storage
STOCKHOLM—Stockholm Exergi is breaking ground on one of the world’s largest facilities to capture and permanently store carbon dioxide, a move that indicates growing investment in decarbonization as part of Europe’s climate strategy.
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About Stockholm Carbon Flywheel Energy Storage video introduction
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6 FAQs about [Stockholm Carbon Flywheel Energy Storage]
What does Stockholm exergi do?
Stockholm Exergi will build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. Stockholm Exergi, in cooperation with Drax, Eco Engineers and McKinsey, has developed a so-called Methodology for sustainable BECCS.
When will Stockholm exergi start storing biogenic carbon dioxide?
Stockholm Exergi will start capture and store biogenic carbon dioxide within three years. The support amount of just over 20 billion SEK will be paid out continuously over a maximum of 15 years, from the start of geological storage. The support can be used for both investment and operation.
Why did Stockholm exergi invest 13 billion?
Today, Stockholm Exergi announces its decision to build one of the world’s largest facilities for capture and permanent storage of biogenic carbon dioxide. The investment decision marks a major milestone in enabling permanent removals and will help Sweden and the EU reach their long-term climate goals. The investment amounts to SEK 13 billion.
When will Stockholm exergi start capturing CO2?
Stockholm Exergi received an environmental permit for its BECCS facility earlier last year, and is expected to make an investment decision as soon as possible in 2025, with carbon capture to begin within three years. At 800,000 tonnes of CO2 per year, the plant would capture more than what Stockholm’s road traffic emits annually.
Is Stockholm exergi storing CO2?
Stockholm Exergi has run a pilot plant since 2019 to demonstrate that the process is feasible at scale. The CO 2 will be stored by Northern Lights, a joint venture between Equinor, Shell, and TotalEnergies, which announced it would expand its transport and storage network to accommodate the Stockholm project.
Does Stockholm exergi have a pilot facility?
The technology for capturing carbon dioxide has been used since the 1970s and Stockholm Exergi has had a pilot facility in operation since 2019. Source: Stockholm Exergi, TT
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