International infrastructure group Balfour Beatty 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 poised to be the world’s first gas-fired power station with carbon capture and storage. The project is a joint venture between bp and Equinor.

Balfour 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. The company will also build the post combustion carbon capture system.

On completion, it is expected that the new power station will produce up to 742 megawatts of flexible, dispatchable low-carbon power annually, 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.

The contract award follows the UK Government’s announcement in October 2024 of a £21.7 billion pledge for projects to capture and store carbon emissions from energy, industry and hydrogen production. The full value of the contract will go into Balfour Beatty’s order book by the end of Q2 2025. Completion has been tabled for 2028, with main construction expected to commence later this year and completion in 2028.

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