ESB and dCarbonX Ltd have expanded their partnership by signing a Memorandum to Understanding (MoU). The MoU will allow the companies to evaluate and develop onshore large-scale subsurface hydrogen energy storage opportunities in the United Kingdom.
Both firms announced a joint venture to develop large-scale energy storage projects offshore in Ireland in September 2022.
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, Executive Director — Generation & Trading, ESB 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 are currently exploring opportunities for the development of onshore subsurface energy storage with a focus on green hydrogen. The firm has UK onshore (1.5GW) and offshore (2GW) wind energy portfolios in early stages.
Tony O’Reilly, CEO, 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.”
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