E.ON Shifts Carbon Focus From U.K. to the Netherlands

E.ON AG, Germany’s biggest utility, shifted its carbon capture and storage developments from the U.K. to the Netherlands as Britain committed 1 billion pounds ($1.6 billion) to fund the technology.

E.ON today scrapped plans to compete for a subsidy to demonstrate the capture and storage of carbon dioxide from a power station at its Kingsnorth site in Kent, southeast England, leaving Iberdrola SA’s ScottishPower Ltd. as the only company in the running for the money.