ORCADIAN ENERGY PLC - Update on the Earlham Gigagrid project

Orcadian pitches offshore gas-powered data centers at £124/MWh and £11/ton carbon capture, pending financing and NSTA concept approval within six months.

• Power cost advantage: Earlham's private-wire offshore power is costed at £124/MWh vs £218/MWh onshore UK extra-large consumer rate — a 60% relative cost.
• Cheap carbon capture: Integrated, non-retrofit carbon capture using the Capsule GT hot potassium carbonate system costs ~£11/ton vs industry estimates of £115-165/ton, capturing 90-95% of CO2.

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