Energy Works, the renewable energy power plant to be built in Hull, has been awarded a £19.9m grant.
The power plant will combine green technologies to produce sustainable electricity and biomethane.
The European Regional Development Fund, which is managed by the Department for Communities and Local Government, have provided the grant.
The power plant will produce enough electricity to power 25,000 homes. There will also be the potential to cut waste sent to landfill by local authorities in Hull and the East Riding of Yorkshire by 90 per cent.
Recycling will increase and other businesses will be given the opportunity to reduce their carbon footprint.
A total of 60 jobs will be available once the plant is operational.
Energy Works uses a combination of renewable energy technologies – fluidized bed gasification, in-vessel composting and anaerobic digestion.
The facility will be built to sort, pre- treat and process different types of waste with several advantages, such as complementing recycling efforts and improved air quality.
Energy Works will also work alongside the University of Hull to encourage the education of renewable energy through its Energy Academy on site.
The Energy Academy will provide two positions to the University for postgraduate study of renewable energy.
An educational resource center will offer local small businesses and members of the public with opportunities to learn about the importance of striving towards sustainable and renewable means of electricity generation.