Shell has signed an agreement with the U.K. Government to progress the Peterhead Carbon Capture and Storage (CCS) project to the next phase of design. The project, led by Shell, with strategic support from SSE, owners of the Peterhead gas power station in Aberdeenshire, aims to capture10 million metric tons of CO2 over 10 years. This will generate enough clean electricity to power the equivalent of 500,000 homes a year. If successful, the project will represent the first industrial-scale application of CCS technology at a gas power station anywhere in the world.