Peak Cluster: Finance

(asked on 14th May 2026) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what is the breakdown of where the funding for the Peak Cluster project will come from.


Answered by
Michael Shanks Portrait
Michael Shanks
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 22nd May 2026

Government has not committed any funding for the Peak Cluster project, including for the capture facilities and the offshore storage. The National Wealth Fund (NWF) is to invest £28.6 million to support the development of the Peak Cluster CO2 transport onshore pipeline.

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