From Blueprint to Reality 2026

FID – Pending4 Hydrogen production1 Early stage 2 Infrastructure development 3 Industry Cluster administration Established 2024 Project finance debt packages £8 bn £25 m DevexNEP:3 £4 bnNet Zero Teesside Power:4 £4 bn Lending consortium DraxAltalto - £3 m grant Equilibrion - £1 m grant Equinor Low Carbon - £3 m grant Power2X Solutions - £1.5 m grant Zero Petroleum - £3.5 m grantLeadCarbon capture & storage projects Advanced fuels fund BECCS Humber H2ub (Green) Uniper: Capex Public capital Private capital Announcement of intent Incentives ContractFID – Pending FID – PendingTrack 1 funding recipient Track 2 funding recipient Harbour Energy/BP: CapexTechnip Energies: FEEDPortion of £9.4 bn 5,62025 FID – 2024 Total expected investment: £3 bn£40 m Devex Worley: FEEDMHI: Production technologyNorthern Endurance Partnership (NEP)1 £13 m DevexLeadHumber Zero£40 m DevexLeadConsortium partners2Zero Carbon Humber (ZCH) partnership£21 m grant2021 2021 £24 m grant £13 m grantBBVA NatWestMizuho +17 Societe Generale Viking CCS Shell Catalysts & Tech: Process design packageITM Power: FEEDHumber – financing blueprint FIGURE 9 Notes: 1. NEP comprises BP (45%), Equinor (45%) and TotalEnergies (10%); across Humber & Teesside. 2. ZCH consortium partners: Associated British Ports, British Steel, Centrica Storage, Drax, Mitsubishi Power, PX, SSE Thermal, Triton Power, Uniper & University of Sheffield. 3. Shared infrastructure across Humber Cluster and Teesside Cluster. 4. Not linked to Humber, but joint financing arrangement. 5. Allocated to support CCUS and hydrogen projects until end of current spending review. 6. Government support announced for Viking and Acorn clusters to “advance delivery”. This model, where the government drives cluster formation and essentially acts as guarantor, is unique to the UK context but has proven particularly successful in attracting project financing from private financiers. From Blueprint to Reality: A Stronger Business Case for Shared Energy Infrastructure 25