Ikigai supporting £1bn investment in Net Zero Cheshire

Jun 08 2021


An investment blueprint has been developed which could see £1 billion spent on low carbon projects in Cheshire over the next few years.

Ikigai Capital is part of a consortium of companies, which has formed a partnership with the Cheshire and Warrington Local Enterprise Partnership (LEP) to deliver the ‘Invest Net Zero Cheshire’ roadmap.

The consortium has identified a portfolio of opportunities across renewable generation, hydrogen, carbon capture, energy storage and smart grids which offer long-term, sustainable investment opportunities in net zero.

Cheshire, in the North West of England, is one of UK’s power houses, featuring major manufacturing employers, including oil refining, glass manufacture, nuclear enrichment, chemical production and automotive. This concentration of industry means the area around Ellesmere Port consumes around 5% of the UK’s energy, with Cheshire West and Chester the fourth largest carbon emitter in the country and a climate emergency declared locally.

The Cheshire & Warrington LEP and some local private sector partners contributed the funding for a study that lasted 10 months, involving more than 40 stakeholders and in excess of 150 hours of interviews. The outcome was a net zero investment plan, setting out immediately investable projects which will create jobs and inclusive growth in the area and deliver value to industry energy users and investors.

The advising consortium, led by The Cheshire Energy Hub, comprises technical advisors The Energy Systems Catapult (energy systems analysis), EA Technology (understanding future electricity network needs); Ikigai Capital (bankability and business case advisor); Peel NRE, part of Peel L&P (the owner and developer of Protos at the heart of the project zone) and SP Energy Networks (the local DNO), and was supported by many other local stakeholders.

The findings of the study were presented at a recent webinar where Clare Hayward, Chair of the Cheshire & Warrington LEP said, “Climate change is the challenge of our generation, and around the world we’re seeing Governments set ever more ambitious targets. We want to make Cheshire and Warrington the most sustainable place in the UK and reach net zero emissions by 2030, which isn’t that far away. To do this we need an integrated, collaborative and bold approach. Investors don’t want to see piecemeal initiatives, they want to see a joined up approach to decarbonisation. There is no better place to invest. We have the vision, a clear path to investment and the eco system needed to deliver.”

Ikigai Capital is a London based, Net Zero bankability consultancy focused on clusters, city and industrial decarbonisation.

Portfolio of projects
Ikigai Capital


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Issue 80 - Mar - Apr 2020

CCUS in the U.S.: Decarbonising the U.S. energy system by accelerating innovation .. Carbon Capture Coalition policy blueprint to accelerate CCS .. ExxonMobil to invest $3 billion in low carbon Drax applies to build BECCS power plant .. O.C.O Techno.....