News listings

energy-pedia alternative energy

United Kingdom flagUnited Kingdom

Europe / Caspian / CIS >>> United Kingdom

UK: ESB and dCarbonX expand their partnership to develop onshore energy storage in the UK


17 Mar 2023

Photo - see caption

ESB and dCarbonX have signed a Memorandum to Understanding (MoU) that will allow the companies to evaluate and progress onshore large-scale subsurface hydrogen energy storage opportunities in the United Kingdom. dCarbonX is an affiliate of Snam, one of the world’s leading energy infrastructure operators and Europe’s largest energy storage company.

This follows a joint venture announced by the companies in September 2022 to develop large-scale energy storage projects offshore Ireland.

As part of the agreement, ESB and dCarbonX will assess potential sites across the UK to support energy clusters, dedicated hydrogen networks and ESB’s energy projects.  

Jim Dollard, ESB Executive Director, Generation and Trading, said:

'ESB has operated in the UK for more than 25 years as a leading independent generator with current developments in onshore and offshore wind projects. This agreement with our valued partner, dCarbonX, cements our commitment to exploring and investing in renewable solutions that will help the UK achieve its climate targets.'

ESB has significant UK onshore (1.5 GW) and offshore (2 GW) wind energy portfolios in development and planning stages and is exploring opportunities for the development of complementary onshore subsurface energy storage, with a particular focus on green hydrogen.  

Tony O’Reilly, CEO of dCarbonX, said: 

'We are delighted to expand our relationship with ESB into the UK which will allow us to leverage key learnings from our Irish projects in areas such as technology, business modelling & operations. We see significant large scale energy storage opportunities in the UK given its mature energy industry and favourable geology together with recent hydrogen policy developments. In addition, the success of the Crown Estate/ScotWind offshore wind auctions together with the development of Net Zero industrial clusters such as HyNet, should further spur the production and storage of green hydrogen.'

Original article link

Source: ESB





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 237

Completed Deals

Completed Upstream Deals: 6558

Company Profiles

Current Company Profiles: 2912

Corporate Activity

Current Corporate Activity articles: 4134

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1653

Geostudies

Current Geostudies articles: 964

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Government of South Australia
Borchwix
Telos NRG
Union Jack Oil 149
Syntillica
Merlin
OPC
energy365
Bayphase
Rose & Assocs
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com