Welcoming the investment announcement by the National Wealth Fund to support the Peak Cluster’s development which will store emissions in the UK’s largest carbon store – Morecambe Net Zero (MNZ) – Sprit Energy CEO, Neil McCulloch said:

 

“The NWF’s announcement today sends a crucially important and thoroughly positive message to those eyeing the UK for investment in the low carbon developments needed to power our economy and help deliver the government’s net zero targets.

 

“Through our partnership with the Peak Cluster, Spirt Energy’s MNZ carbon store will decarbonise 40% of this country’s cement production, safeguard thousands of traditional jobs and livelihoods, breathe new life into the North West’s industrial heartlands and help create new, highly-skilled jobs for this and for future generations.

 

“The NWF’s support demonstrates how industry and government can work together effectively to unlock the significant investment required to make the energy transition happen, and how the UK can show the rest of the world how to get it done.”