The RSA provides financial stability for Carbon Capture, Usage and Storage (CCUS), supporting a range of low-carbon projects across the HyNet Cluster.
We have signed the Revenue Support Agreement (RSA) for the HyNet Cluster, strengthening the UK’s commitment to Carbon Capture, Usage and Storage (CCUS) as part of its Net Zero strategy.
The RSA is a private law contract that protects Transport and Storage Companies (T&SCo) from revenue shortfalls as the CCUS market matures. As the designated counterparty, LCCC has supported the RSA's development since 2020 and now plays a key role in delivering financial stability to the sector.
HyNet is the UK’s second major CCUS cluster after the East Coast Cluster. Spanning the North West of England and North Wales, it includes a wide range of low-carbon projects such as industrial carbon capture, hydrogen production, and power generation with carbon capture.
Backed by a £21.7 billion government funding commitment, the CCUS industry is central to the UK’s decarbonisation goals. The Climate Change Committee has called CCUS a “necessity, not an option” in the transition to a Net Zero economy.
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