Balfour Beatty Wins GBP 833 Mln Contract For World-First Net Zero Teesside Power Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2025
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Source: NASDAQ.COM
Contract Award: Balfour Beatty has secured an £833 million contract from Technip Energies to construct the Net Zero Teesside Power project, which will be the world's first gas-fired power station with integrated carbon capture and storage.
Project Impact: The new power station is expected to generate up to 742 megawatts of low-carbon power, sufficient to meet the annual electricity needs of over one million UK homes, aiding in the transition to cleaner energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
