Exploring Renewable Energy for North Sea Integrated Energy Hubs: Orsted, Goal7 and Neptune Energy Sign MOU

Orsted, Goal7 and Neptune Energy have signed a memorandum of understanding to explore the possibility of powering integrated energy hubs in the UK North Sea with renewable electricity generated from Orsted’s Hornsea offshore wind farms. The partners will look into utilizing resources such as existing oil and gas production assets, hydrogen production facilities and carbon storage sites. Neptune Energy director of new energy Pierre Girard noted that this endeavor could extend the life of producing fields while also maintaining low emissions. He said: “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.” Orsted’s managing director for offshore Duncan Clark further commented on the need to maximize the use of clean technology in order to combat climate change. He said: “We must continue taking action to limit the damaging effects of climate change. Supporting the decarbonisation of other industrial sectors and providing renewable energy to enable more sustainable carbon storage is an important consideration as the UK transitions towards a low-carbon economy.

Summary

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• Orsted and Goal7 have signed a memorandum of understanding with Neptune Energy to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity.
• Integrated energy hubs have the potential to combine multiple energy systems, including existing oil and gas production assets, carbon storage and hydrogen production facilities.
• The agreement will support research into the potential use of wind-generated renewable electricity to power these hubs, which could comprise new and repurposed offshore assets.

What potential benefits could come from developing integrated energy hubs in the UK North Sea?

The potential benefits of developing integrated energy hubs in the UK North Sea include extending the life of producing fields, reducing carbon emissions, and enabling renewable energy to be used more effectively.

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