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BALFOUR BEATTY SECURES £833 MILLION NZT CONTRACT
BALFOUR BEATTY SECURES £833 MILLION NZT CONTRACT.
About this update from Balfour Beatty Plc
[{"type":"text","content":"\n\n\n\nNews Release\n \nBALFOUR BEATTY SECURES £833 MILLION NET ZERO TEESSIDE CONTRACT\n \n26 June 2025\n \nBalfour Beatty, the international infrastructure group, today announces that it has been awarded an £833 million contract by Technip Energies to act as the construction partner for Net Zero Teesside Power - an Onshore Power, Capture and Compression project and poised to be the world's first gas-fired power station with carbon capture and storage.\n \nBalfour Beatty will work alongside Technip Energies and GE Vernova - with the support of technology partner Shell Catalysts & Technologies - to construct the large-scale combined cycle gas-powered generation plant for Net Zero Teesside Power, a joint venture between bp and Equinor.\n \nIn addition, the company will build the post combustion carbon capture system, which is expected to capture up to two million tonnes of CO2 per year, before it is compressed and fed directly into the offshore pipeline to be stored under the North Sea by the Northern Endurance Partnership - a joint venture between bp, Equinor and Total Energies.\n \nBalfour Beatty will bring its deep domain knowledge and unique, end-to-end multidisciplinary capabilities to deliver this landmark project, including the company's major civil engineering, ground engineering and power transmission and distribution expertise together with its industrial mechanical and electrical heritage.\n \nOn completion, it is expected that the new power station will produce up to 742 megawatts of flexible, dispatchable low-carbon power, equivalent to the average annual electricity requirements of more than one million UK homes, further supporting the UK's transition to a cleaner energy future.\n \nLeo Quinn, Balfour Beatty Group Chief Executive, said: \"Net Zero Teesside Power is an ambitious scheme, forging the path towards the sustainable infrastructure of the future and positioning the UK as a leader in cleaner, greener energy consumption.\n \n\"The scheme will not only be a critical driver in achieving net zero but will also play a key role in boosting regional economic growth in the North-East of England; generating thousands of employment opportunities both in the immediate term and in the future.\"\n \nThe contract award follows the UK Government's announcement in ...