Neptune Energy, Ørsted, Goal7 partner to power integrated energy hubs with offshore wind

World Oil Staff December 29, 2022

(WO) — Neptune Energy announced on Dec. 29 that it has signed a memorandum of understanding with Ørsted and Goal7 to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity.

The agreement will see the companies examine the potential to supply renewable electricity from Ørsted’s Hornsea offshore windfarm projects to power future Neptune-operated hubs in the UK North Sea.

Goal7 will provide project management support and technical input.

Integrated energy hubs have the potential to combine multiple energy systems, including existing oil and gas production assets, carbon storage and hydrogen production facilities. They could extend the life of producing fields and support the economic case for electrification with renewable energy, to keep carbon emissions low.

Neptune Energy’s Director of New Energy, Pierre Girard, said, “The development of integrated energy hubs is an important part of Neptune’s strategy to store more carbon than is emitted from our operations and the use of our sold products by 2030.”

He continued, “Neptune has submitted three applications under the recent Carbon Dioxide Appraisal and Storage Licensing Round, and securing the licenses would enable us to develop future proposals for integrated energy hubs in the UK North Sea.”

“In parallel, the agreement with Ørsted and Goal7 will support research into the potential use of wind-generated renewable electricity to power these hubs, which could comprise new and repurposed offshore assets and bring together hydrogen production and carbon injection facilities.”

Duncan Clark, Ørsted’s Managing Director Offshore and Country Chair UK&I, said, “As we build out the largest offshore wind zone in the world with our Hornsea projects and demand for electricity continues to increase, optimizing production of these huge offshore assets will bring even greater value to consumers and support the UK’s efforts to meet its 2050 net zero commitments.”

 

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