Ben Houchen development corporation sets up energy distribution company

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Tees Valley mayor Ben Houchen’s South Tees Development Corporation (STDC) has established a new company with property developers Chris Musgrave and Martin Corney to sell electricity to tenants at the

A new limited company was registered at Companies House at the beginning of August named Steel River Energy Limited , with 90 per cent of the company split between Teesworks Ltd joint venture partners Chris Musgrave and Martin Corney. The remaining 10 per cent is owned by

told The Yorkshire Post power will be generated by a new gas power station being built by BP and Equinor on the former site adjacent to the Redcar steelworks’ blast furnace as well as other “multiple sources”. BP’s new power station, which saw a groundbreaking ceremony a little over a week ago, is the first phase of a project called Net Zero Teesside . The second phase will see the development of an enormous carbon capture, utilisation and storage facility.

board meeting, chaired by Lord Houchen, indicate “work continues to develop the private wire network,” and that “discussions with third parties are ongoing on the joint venture procurement of Teesworks’ power needs.” The private company Teesworks Ltd was initially a 50-50 split between

 

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