Spanish utility Iberdrola is in negotiations with the UK Government to secure more financial aid to build the £1.2bn carbon-capture storage project in Longannet.

The UK Government had earlier earmarked £1bn in funding for the country’s first carbon-capture storage project, however, the utility has so far only received £400m and needs at least £600m to complete the project.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Iberdrola is the owner of UK energy supplier Scottish Power, reports Reuters.

Power Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Power Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Recognised with three 2025 Power Technology Excellence Awards, Hover Energy is at the forefront of intelligent microgrids and distributed renewables. Explore how its AI-enabled Microgrid Management System™ , strategic partnerships and networked microgrids are rebuilding the grid from the ground up for a more flexible, resilient energy future.

Discover the Impact