Storegga Geotechnologies, a British climate tech startup, has entered a joint venture (JV) with Talos Energy, a US oil and gas exploration and production company, to explore US carbon capture and storage (CCS) opportunities.   

The JV will originate and mature CCS ventures with emitters, infrastructure providers, service companies, and financing partners, among others. The projects will be located on the Gulf Coast and in the Gulf of Mexico, including state and federal waters offshore in Texas, Louisiana, Mississippi, and Alabama. 

The JV combines the strengths of Talos's offshore operational and sub-surface expertise with Storegga's CCS project experience. The agreement requires zero upfront capital, and the JV will split costs 50/50 during the initial phases. Talos is designated as the operating partner of the JV.

Founded in 2020, Storegga develops CCS, hydrogen, and other subsurface renewable projects in the UK and internationally. In July 2020, Storegga acquired Pale Blue Dot Energy, through which the company has become the lead developer of the Acorn CCS Project (the UK’s first large-scale CCS project) and the Acorn Hydrogen Project in North East Scotland.