Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea.
It will involve an electrolyser system being deployed on a converted jack-up rig to allow emissions free fuel to be produced at sea, Aquaterra Energy said Sept. 21.
Reliable winds in the North Sea are an exceptional renewable resource, yet remote locations create challenges around grid connectivity and intermittency of supply. This flexible solution aims to overcome this challenge by providing an off take for the electricity produced in the immediate vicinity of the windfarm and aims to use existing platforms, pipelines, terminal infrastructure and offshore equipment leveraging the existing infrastructure to reduce costs.
With governments pushing net zero initiatives forward, this concept offers an alternative deployment of existing assets that provides both a source of green hydrogen and enhances the commercial feasibility of remote offshore wind projects.
"With our expertise in complex offshore operations and fleet management, Borr Drilling will leverage its core capabilities to evaluate the adoption of this alternative energy source in an environment with a large untapped potential," said Darren Sutherland, director of operations at Borr Drilling.
While the concept is still in its early stages, the consortium has asked interested parties to submit enquiries.
Recommended Reading
TC Energy, Partner Sell Portland NatGas Transmission System for $1.14B
2024-03-04 - Analysts expect TC Energy to make more divestitures as the Canadian infrastructure company looks to divest roughly $2.21 billion in assets in 2024 and lower debt.
Pembina Pipeline Enters Ethane-Supply Agreement, Slow Walks LNG Project
2024-02-26 - Canadian midstream company Pembina Pipeline also said it would hold off on new LNG terminal decision in a fourth quarter earnings call.
TC Energy’s Keystone Back Online After Temporary Service Halt
2024-03-10 - As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
Waha NatGas Prices Go Negative
2024-03-14 - An Enterprise Partners executive said conditions make for a strong LNG export market at an industry lunch on March 14.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
2024-03-06 - Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.