Investable storage atlas – supporting investments in the development of co2 storage capacity in the EU

CO2SITE will create an open access digital atlas of investable storage sites in the EU, which will allow an assessment of the attractiveness of potential CO2 storage sites to be developed into CO2 stores. CO2SITE’s atlas is to become a valuable tool for project developers performing site screening or portfolio research. Moreover, the Investable Storage Atlas and the reports produced during the project will provide a source of information for regional and national governments to assess the feasibility of developing CO2 storage locations or clusters, thus creating the basis for decision-making at a policy level and providing storage regulators with knowledge to target future licensing. The Atlas will contain an elaborate database of potential CO2 storage sites, a comprehensive risk assessment of individual sites, as well as dedicated tooling to interrogate, assess and rank the data according to user-defined preferences. A large-scale data collation operation will be undertaken in Member States with a broad geographic coverage across the EU and the EEA, where data publication from the NZIA obligations will be incorporated into the database and the Atlas. CO2SITE builds up on 20 years of expertise, including the ongoing GSEU project, that will deliver the current EU/EEA CO2 storage database in a GIS environment. In addition to technical and quantitative data collection, CO2SITE will include qualitative risk and opportunity indicators such as available infrastructure, regulatory hurdles, funding mechanisms, information on legacy wells, cross-border transportation barriers. The Investable Storage Atlas will include functionalities to estimate dynamic capacity estimates and perform a site-specific and fit-for-purpose techno-economic assessment of potential storage sites. Regional studies will be performed to support the development of CCS clusters.