Storegga

46Mixed / Improving· Provisional

0 followersCarbon removal·London, UK·Founded 2019

UK developer of large-scale CCS and BECCS infrastructure, leading the Acorn CCS project in Scotland and building CO₂ transport and storage hubs across the UK, Norway, and US.

46/100

Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: mediumData confidence: low

Why it's on ClimateTicker

Storegga is a UK-based CCS/BECCS infrastructure developer whose core business — building CO₂ transport and storage hubs — is genuinely mitigation-focused and directly relevant to industrial decarbonisation. However, the company's credibility is materially dented by its December 2025 decision to sell its stake in the flagship Acorn CCS project just months after securing £200M in UK government development funding, raising questions about long-term commitment. No SBTi-validated targets, no CDP disclosure, and limited independently verified operational data have been found, constraining investor confidence.

mitigationStoregga earns revenue as a project developer and infrastructure operator for CCS and BECCS hubs, structuring government-backed development contracts and commercial CO₂ storage agreements with industrial emitters; it also holds equity stakes in projects and likely monetises through capacity reservation fees and government track/cluster programme funding.

Controversy & Greenwashing Watch

mediumStoregga exits Acorn stake post government funding

In December 2025, Storegga announced it would sell its 30% stake in the flagship Acorn CCS project via 'Project Oasis', only months after celebrating £200M in UK government development funding, raising concerns about developer commitment at a critical capital-intensive phase.source ↗

mediumAcorn government funding not yet disbursed

As of late 2025, National Gas confirmed that none of the £200M pledged by the UK Government for Acorn had yet reached the project, adding uncertainty about timelines and actual capital deployment.source ↗

lowGrangemouth refinery closure disrupts anchor emitter thesis

Scotland's Grangemouth refinery — a keystone industrial emitter that Acorn was designed to decarbonise — announced closure in late 2023, forcing Storegga to pivot its commercial anchor-emitter strategy mid-development.source ↗

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