Storegga exists to pioneer carbon reduction and removal projects for the net-zero world. It aims to champion and deliver CCS, hydrogen, and other subsurface renewable projects in the UK and internationally to accelerate carbon emission reductions. Through its wholly-owned subsidiary Pale Blue Dot Energy, Storegga is the lead developer of the Acorn Project in North East Scotland, providing essential infrastructure to help the UK and Europe meet net-zero targets.
Procurement and finance solutions for Storegga’s net-zero initiatives
Storegga is advancing a collection of net-zero infrastructure initiatives involving multiple partners. Among these initiatives is its role as the lead developer of the Acorn Carbon Capture and Storage (CCS) and Hydrogen Project located in northeast Scotland.
As its portfolio expands at a rapid pace, Storegga acknowledged the need for a robust solution to support its accounting, financial reporting, and procurement processes. This solution must also ensure the delivery of accurate and timely financial statements to its joint venture and investment partners.
To address these challenges, Storegga selected Progressive to implement Infor SunSystems, alongside HxGN EAM and Infor OS, as the foundation for its groundbreaking CO2 reduction and removal infrastructure.
Progressive can also configure HxGN EAM to include other features, such as Asset Maintenance, as Storegga’s operations develop.
“Infor’s integrated data architecture will provide Storegga with unparalleled transparency and visibility into their business operations as well as accurate and actionable financial reporting. We can support their joint venture accounting needs today, as well as other partner-oriented business models in the future.”
Jim Perry, Financial Management Specialist, Infor
- Joint Venture Reporting
- Multi-country and multi-currency reporting
- Automated cutback process
- Automation and administrative efficiency
- Mobile application access enabling financial approvals on the go
“The team at Progressive are excited to be contributing to these pioneering net zero projects. We have much experience supporting energy companies during periods of rapid growth through acquisitions and innovation, where there is need to quickly implement and consolidate subsidiary systems. We are well placed to support Storegga on this journey.”
Chris Walcot, CEO, Progressive TSL