Energy suppliers ScottishPower have announced a £5 million investment in a new carbon capture initiative.
The company will be sponsoring the UK's first alliance between industry and academia to focus specifically on carbon capture and storage - a new technology designed to remove CO2 from the exhaust gasses at fossil fuel power stations.
The ScottishPower Academic Alliance, as it is known, has been designed to match the needs of the UK's growing carbon capture and storage of CO2 and will focus specifically on technical innovation.
Some of the country's leading academics from Imperial College London and the University of Edinburgh will help lead the research into the development of carbon capture and storage technology.
Nick Horler, chief executive of ScottishPower, said the initiative is a "terrific step forward" for the company and will help ScottishPower make carbon capture and storage technology a reality in the UK by 2014.
"I am enormously proud to be associated with the work of some of the world's leading authorities on CCS," he said. "Their input will be vital to improve our understanding of this essential technology."
If you want to find out more about your energy options and how you could save up to £468 in minutes, click here.