Terms
- Announced
- 8 Jul 2022
- Instrument
- Grants
- Amount
- US$6.22mReported as GBP 4,998,409.19, converted at 1.2448 USD/GBP (May 2022 average)
- Source
- gov.uk
Parties
- Project developer
- KEW Projects Ltd
- Recipient type
- Grant recipient
- Country
- United Kingdom
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis UK Department for Energy Security and Net Zero Grantor US$6.22m Sole provider: the whole transaction
Carbon
- Pathway
- BECCS
- Project type as recorded
- Modular BECCS hydrogen system
What happened
- Phase 2 of the UK Direct Air Capture and Greenhouse Gas Removal Innovation Programme, awarded 8 July 2022 by the Department for Energy Security and Net Zero. Fifteen projects were funded; this row is one of them and each is recorded separately, because a grant programme is not a company and a cohort booked as one row ranks the programme as though it were one recipient. Modular BECCS hydrogen system.
Kumo note
- One of fifteen awards under the UK's Direct Air Capture and Greenhouse Gas Removal Innovation Programme, the largest single public push into engineered removal in the UK to date and the origin of several companies that later raised privately. Grant money of this kind is what pays for the pilot that makes a company financeable, which is why it is ranked here with value rather than treated as a subsidy footnote.
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