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Press Release21 October 2020Siemens Energy Ltd and SSE ThermalUK
Keadby 2 Power Station to contribute over £1bn to UK economy
The ‘Powering Progress’ report highlights the socio-economic impacts of Keadby 2 at a local, regional and national level, based on analysis from BiGGAR Economics. Once completed in 2022, the 893MW
1 Keadby 2 is expected to be the cleanest and most efficient gas-fired power station in Europe, helping the UK to move away from older, more carbon intensive generation in the decades ahead.
The new report shows that £51m is expected to be contributed to the local
2 economy during the development and construction phase, with 790 years of employment supported. Over the station’s operational lifetime
3, it is estimated that £13m will be added to the local economy each year, with a total of 220 jobs supported on an annual basis.
Taking in
the wider regional economy - within Yorkshire, the Humber and the East Midlands
– the figure rises to £76m, with 1,170 years of employment supported during
development and construction. Throughout the operational phase, an estimated
£17m will be added to the regional economy annually, with a total of 290 jobs
supported every year.
At a
national level, the analysis by BiGGAR Economics shows that a total of £175m
will be contributed to the UK economy during development and construction, with
2,900 years of employment supported. Once operational, the station is expected
to add £36m to the national economy each year, with 550 jobs supported across
the country on an annual basis. This means that over Keadby 2’s lifetime, a
total of over £1bn is expected to be added to the UK economy.
In
addition to the station’s economic contribution, the Powering Progress report
also highlights local community engagement activities, including donations of
£20,000 to local charities and support for Keadby with Althorpe Primary
School’s Greenpower Project. You can view the report in full at
ssethermal.com/keadby2
and
siemens-energy.com/keadby2
Steve Scrimshaw, Vice President of Siemens
Energy (UK and Ireland), said:
“From the
outset this project was about partnership. Partnering world-leading technology
with local value add and working with SSE Thermal to deliver a project that
made a lasting contribution to society.
“As one of
the largest infrastructure projects in the North Lincolnshire region it was
important to us that people and companies across the region were able to
benefit from its construction. Through important sessions such as Meet the
Buyer, we have been able to identify key local suppliers, who have provided
vital services on site.”
Stephen Wheeler, Managing Director of SSE
Thermal, said:
“We’re
very proud of the positive contribution Keadby 2 is making, particularly in the
local area, and we want to ensure the project continues to deliver benefits
that endure long into the future. As responsible developers, it’s important the
impact of our investment is felt within our neighbouring communities, from creating
jobs and supporting the local supply chain, to engagement programmes with local
organisations.
“As we
look to build back better in the years ahead, it’s crucial that we’re
delivering the energy and essential infrastructure we need in a way that stimulates
local economies and supports high-quality jobs across our industrial regions.”
Building
on its investment in Keadby 2, SSE Thermal is now in the early stages of
developing Keadby 3, which could become the UK’s first gas-fired power station
equipped with carbon capture and storage technology by the mid-2020s. The
company is part of the Zero Carbon Humber partnership, which is aiming to
deliver carbon capture and hydrogen infrastructure to turn the Humber into the
world’s first ‘net-zero cluster’ by 2040.
1Keadby 2 will have a Transmission Entry Capacity of 893MW – the maximum amount
of power it will be able to put on the system at any one time. The turbine,
manufactured by Siemens Energy Ltd., is guaranteed to provide a minimum of
830MW power
2 Local area is defined as Doncaster, East Riding of Yorkshire, Kingston upon Hull, Lincolnshire, North East Lincolnshire, North Lincolnshire and Nottinghamshire.
3 Up to the end of financial year 2046.
2 Local area is defined as Doncaster, East Riding of Yorkshire, Kingston upon Hull, Lincolnshire, North East Lincolnshire, North Lincolnshire and Nottinghamshire.
3 Up to the end of financial year 2046.
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Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs 91,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2019.
www.siemens-energy.com.
www.siemens-energy.com.
About SSE Thermal SSE Thermal, part of the FTSE-listed SSE plc, is a leading developer, owner and operator of electricity generation and energy storage assets. Its portfolio includes five of the most flexible and efficient gas-fired power stations across the UK and Ireland. SSE Thermal’s vision is to become the leading provider of flexible thermal energy in a net-zero world. As part of this ambition, it has a core focus on further decarbonising its energy generation through emerging carbon capture and hydrogen solutions. Following its investment at Keadby 2, the company is in the early stages of developing Keadby 3, which could become the UK’s first power station equipped with carbon capture and storage technology by the mid-2020s. Across the Group, SSE employs 12,000 people directly across the UK and Ireland and is proud to be a real Living Wage and Fair Tax Mark accredited company. For more, visit
www.ssethermal.com.