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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Should l Buy ?
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.
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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.
