This website will offer limited functionality in this browser. We only support the recent versions of major browsers like Chrome, Firefox, Safari, and Edge.

Technology Collaboration Programme by IEA

Enter your search

Power CCS: Potential for cost reductions and improvements

Members Only Technical Report

5 August 2024

Capture

Costs of CCUS

Ignacio Rabsiun Aramburu, Freddie Barnes, Alexander Fish, Michael Joos, Foaad Tahir

Citation: IEAGHG, ‘Power CCS: Potential for cost reductions and improvements‘, 2024-04, July 2024, doi.org/10.62849/2024-04

Power CCS: Potential for cost reductions and improvements

Overview

Many major economies and international organisations have committed to bring their greenhouse gas emissions to net zero by mid-century or earlier. CCS, in the context of power CCS technologies, will be an essential component of the portfolio of technologies required to reach net-zero emissions in the power sector. This study explores the potential to reduce the cost and accelerate the uptake of power CCS technologies. Results will be helpful in devising future policy in support of power CCS and in assessing the potential impact of implementing the policy.

Members Only

This content is locked as it is a members only publication.

Members gain exclusive access to all of our publications for the first six months, after which the content becomes free to view to the general public. If you are from organisations based in member countries, you can also request access to member-only publications.

Enquire About Membership Request Access

Already an existing member? Make sure you’re logged in to view your exclusive member content.

Related Publications

View similar publications.

View All Publications
Technical Review

7th Post-Combustion Capture Conference Summary

  • 1 April 2024
  • Capture
  • Event Proceedings

The 7th edition of the Post Combustion Capture Conference (PCCC-7) was held on the 25?28 September 2023 and was jointly hosted by the IEAGHG, U.S. Department of Energy (DOE) and the National Energy Technology Laboratory (NETL) and sponsored by Worley, Shell, and Mitsubishi Heavy Industries. (MHI).

Read more

Members Only

Technical Report

Clean steel an environmental and technoeconomic outlook of a disruptive technology

  • 1 March 2024
  • Capture
  • Costs of CCUS

This study primarily presents a comparative analysis of steelmaking pathways to cost-effectively decarbonise a steel mill, taking a life-cycle perspective on associated environmental impacts. The roll-out of clean steel technologies is envisioned to have a significant implication for support infrastructure. Therefore, a secondary objective of the study is to gain insights into the primary energy and infrastructure implications associated with large-scale deployment of different steel decarbonisation pathways. Clean steel production will likely be more expensive than steel produced today; this poses additional economic strains on steel producers and consumers. Consequently, a third objective is to estimate the price premium that clean steel could command in existing and future markets. Further, this study formulates recommendations for key stakeholders to support the sector and outlines recommendations for further work.

Read more

Members Only

Technical Report

Techno-Economic Assessment of Small-Scale Carbon Capture for Industrial and Power Systems

  • 1 March 2024
  • Capture
  • Costs of CCUS

This study, undertaken on behalf of IEAGHG by Element Energy (now a part of ERM), explores the role of CCS in decarbonising small-scale industry and power generation applications. While relatively under investigated compared to their larger scale counterparts, reaching net zero will be dependent on successfully addressing the emissions from small-scale facilities. The findings from the study will be of interest to the broader energy community but, in particular, should benefit project developers, the finance community and policymakers.

Read more

Members Only

Technical Review

7th Cost Network Proceedings

  • 1 November 2023
  • Costs of CCUS
  • Event Proceedings

The 7th edition of the IEAGHG CCS Cost Network Workshop was hosted at the University of Groningen, Netherlands, on 12-13 April 2023. The purpose of the workshop was to share and discuss the most current information on the costs of carbon capture and storage (CCS) in various applications, as well as the outlook for future CCS costs and deployment. For the first time, this workshop also included a session on the direct capture of CO₂ from the atmosphere. The workshop also sought to identify other key issues or topics related to CCS costs that merit further discussion and study.

Read more

Members Only

Technical Review

9th HTSLCN Meeting Report

  • 21 September 2023
  • Capture
  • Event Proceedings

The 9th High Temperature Solid Looping Cycles Network (HTSLCN) Meeting took place from 14th to 15th March 2023 at Palazzo Farnese in Piacenza, Italy, hosted by the CLEANKER consortium. 82 attendees enjoyed a two-day programme with a total of 28 presentations, the official closure of the CLEANKER project with a visit to the pilot plant, a relaxing dinner and a guided tour in the museum of Palazzo Farnese about the millennial history of the city of Piacenza and its territory, from the preRoman age to the XX century.

Read more

Members Only

Technical Review

Quantifying the Socio-Economic Value of CCS: A Review

  • 3 August 2022
  • Costs of CCUS
  • Public Perception

As policymakers consider options at their disposal to achieve the goals of the Paris Agreement, understanding the socio-economic impacts on local communities and industrial regions is crucial. Integrated assessment models (IAMs) often lack the economic, social and geographic detail to fully reveal the role that CCS and CDR technologies, such as BECCS, can play in national economies – noting that deployment of both CCS and BECCS has long continued to lag expectations. Providing a multi-regional, technology agnostic and transparent quantification of the social value of these technologies may be essential to unlocking this impasse.

Read more

Members Only

Technical Report

Low-Carbon Hydrogen from Natural Gas: Global Roadmap

  • 1 August 2022
  • Capture
  • Costs of CCUS

The primary objective of this study is to conduct a techno-economic and environmental assessment of the production of natural gas-based hydrogen with accompanying carbon capture and storage (CCS) technology. Further, the purpose of this study is to enrich knowledge and compare the deployment of steam methane reforming (SMR), electrified SMR (E-SMR), autothermal reforming (ATR), and partial oxidation (POX) with CCS in the Netherlands. The findings of this study will be of interest to policy makers, industrial emitters, as well as technology developers.

Read more

Members Only

Our most recent publications

Our authoritative, peer-reviewed publications cover topics that include carbon capture, transport, storage, monitoring, regulation, and more.

View All Publications
Technical Review

Insurance Coverage for CO₂ Storage Projects

  • 16 August 2024
  • Industry Insights
  • Storage

This report is a focused review of recent developments regarding insurance coverage for carbon dioxide (CO₂) geological storage projects. It seeks to address the following: what companies are offering or planning to offer insurance to CO₂ storage projects, what is the scope and duration of the coverage offered, and does coverage extend to the transportation of CO₂ to the project site? This work and report was prepared by Franz Hiebert.

Read more

Members Only

Technical Review

CO₂ Storage Site Catalogue

  • 8 August 2024
  • Storage

This Technical Review provides an overview of 22 CO₂ storage sites from around the world. These include CO₂-EOR, commercial scale storage sites and a number of pilot and demonstration storage sites in both depleted hydrocarbon reservoirs and saline reservoirs. Its primary aim is to provide a convenient source of collated information with a specific focus on technical information that are in the public domain.

Read more

Members Only

Technical Report

Power CCS: Potential for cost reductions and improvements

  • 5 August 2024
  • Capture
  • Costs of CCUS

CCS, in the context of power CCS technologies, will be an essential component of the portfolio of technologies required to reach net-zero emissions in the power sector. This study explores the potential to reduce the cost and accelerate the uptake of power CCS technologies.

Read more

Members Only

Technical Review

7th Post-Combustion Capture Conference Summary

  • 1 April 2024
  • Capture
  • Event Proceedings

The 7th edition of the Post Combustion Capture Conference (PCCC-7) was held on the 25?28 September 2023 and was jointly hosted by the IEAGHG, U.S. Department of Energy (DOE) and the National Energy Technology Laboratory (NETL) and sponsored by Worley, Shell, and Mitsubishi Heavy Industries. (MHI).

Read more

Members Only

Get the latest CCS news and insights

Get essential news and updates from the CCS sector and the IEAGHG by email.

Can’t find what you are looking for?

Whatever you would like to know, our dedicated team of experts is here to help you. Just drop us an email and we will get back to you as soon as we can.

Contact Us Now