Overview
- dCarbonX plans to redevelop the decommissioned Bains field off Barrow-in-Furness in Morecambe Bay as a large offshore storage site.
- The company says the facility would hold about 1.4 billion cubic metres of gas, roughly six days of average demand, representing a significant boost to national reserves.
- Executives say the site could be operational in under five years, subject to approvals and funding.
- A government energy security spokesman said ministers are open to discussing gas storage proposals that deliver value for taxpayers and align with the clean power mission.
- The announcement raises competitive pressure on Centrica’s Rough site, which provides much of Britain’s storage and is operating at a loss that the company says is unsustainable without state support.