Neptune Energy hopes to extend the life of its producing fields by powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity.
INTEGRATED ENERGY HUBS
The company today signed a memorandum of understanding with Ørsted and Goal7 to examine the potential of supplying renewable electricity from Ørsted’s Hornsea offshore windfarm projects to 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,” said Neptune in a statement.
“They could extend the life of producing fields and support the economic case for electrification with renewable energy, to keep carbon emissions low.
LICENCE APPLICATIONS
Director of new energy Pierre Girard said that development of integrated energy hubs was part of Neptune’s strategy to store more carbon than emitted from operations and the use of its sold products by 2030.
“Neptune has submitted three applications under the recent Carbon Dioxide Appraisal and Storage Licensing Round, and securing the licences 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.”
The North Sea Transition Authority is due to award storage licences in early 2023.