Earlham and Orwell30 Jan 2026 15:00
From the Group of companies' accounts made up to 30 June 2025:
“In our likely partners, The Independent Power Corporation plc ("IPC") and The Marine Low Carbon Power Company Limited ("MICP"), we have found commercial and technical innovation in spades. The scope of the upstream project is now defined. The Earlham project partners will construct a wellhead tower with a metering skid and sell unprocessed gas to the offshore power station; the power station will return almost all the carbon atoms that came out of Earlham (either in the form of carbon dioxide, or as methane, then combusted and captured) at injection pressure to maintain reservoir pressure in Earlham.
Electrical power will be exported South, past the bottleneck in the East Anglian grid, to an identified landfall that will connect into the grid and support data centres under construction around the M25. The data centres will be able to purchase reliable low-carbon electricity, a rarity.
The project is material, but our portion is straightforward and well defined. We continue to work on defining a farm-in arrangement or corporate joint venture arrangement to enable the development of Earlham and the redevelopment of Orwell, and once the terms are pinned down we will make an announcement. This project, which requires no government subsidies, is essential to the fortunes of these planned datacentres so we believe the project will happen.”
I guess the steady but substantial increase in share price lately is leading to this being officially signed.