Bridging the energy gap and accelerating the transition to greener fuels
Enterprize Energy began pioneering the ‘Enterprize Energy +’ concept back in 1999; foreseeing the changing demand of consumption and the need for cleaner forms of energy generation. EE embarked on the design and development of subsidy-free, hybrid energy concept in marginal gas fields; the ‘Ormonde Development’ in the UK East Irish Sea; planning to build one of the UK’s first offshore wind farms to generate green electricity coupled with a gas to wire concept.
With climate change increasingly dominating government policy and media headlines across the world, how energy is consumed and generated is under significant and growing global scrutiny. With a backdrop of forecasted increases in energy demand (despite Covid-19), coupled with electrification of developing markets, and the widespread shift and switch to electrification of western domestic transport; how major industrial sectors, from energy to marine, chemicals to agricultural, decarbonise is critical.
It is in this changing global dynamic that Enterprize Energy+ can capitalize on our expertise to capture new technology and development rights, by ensuring that our energy projects and designs are both sustainable, environmental and ecologically sensitive across our international markets. At Enterprize Energy our energy concepts and projects are, from the outset, designed to incorporate environmental protections, promoting sustainable circular economies for communities and maintaining marine diversity.
EE+’s new ventures are designed to deliver clean-renewable electricity, transportable green energy and freshwater to create carbon-neutral and carbon free industrial products to international markets
Enterprize Energy is contracting ‘Tractebel Overdick’ to deliver a prototype design for a platform that enables multiple energy outputs, including clean electrons to the grid, green hydrogen to the gas grid, and green ammonia exported via tankers, powered by offshore wind.
EE+ is exploring the potential to repurpose existing on and offshore oil and gas infrastructure for storage of these green fuel products. These new designs and schemes will capture EE+'s concept of the 'GreenTransportable Electron', travelling up the decarbonised energy value chain beyond power generation, maximising project revenues and returns.
With global environmental targets increasing, and the desire to maintain the quality of life in developed countries and raising living standards in developing regions, the world’s need for decarbonised energy is growing substantially. European investors are estimating a potential 500times growth forecast by 2050 in hydrogen1 and Goldman Sachs estimates the Asian, U.S. andEuropean market alone could be worth USD 11.7 trillion by 2050.2
1. Hillmount Partners
2. Goldman Sachs – 23rd September 2020
EE+ schemes aim to deliver environmentally and socially responsible opportunities for investors comprising:
• Green hydrogen and ammonia produced exclusively from renewable electricity, decarbonising supply chains for high energy use industrial sectors,
• Schemes tailored to help develop balanced, sustainable regional and national powerstrategies and plans, alleviating grid-constrained networks
• Efficiently and easily integrated into supply networks, working in tandem with neighbouring generation assets and spare storage capacity
• Maximise existing infrastructure, such as, subsea wells, export pipelines, and shipping
• Efficiency improvements in offshore wind farms productivity and uninterrupted revenuegeneration by avoiding downtime from grid constraints,
• Opportunities for multiple large-scale revenues from electrical, marine, chemicals andagriculture.
Reducing pressure on over-exploited fresh water supplies is one of the world’s most significant global challenges for this century. it is estimated that 1.8 billion people will be suffering water stress by 2025. Providing clean and safe water supplies is often hugely energy intensive and environmentally damaging. The challenges of the ‘Water-Energy Nexus’, (an approach to describe the relationship between the water used for energy production and the energy consumed to create different types of water products), also provides commercial opportunities for the deployment of innovative solutions.
Using schemes that combine existing, commercially proven technologies, to reduce financial and technology risk, EE+ ‘Ocean Naiad’ concept is a hybrid wind and seawater resource system that can provide both electricity, drinkable, industrial or agricultural grade water to coastal and island communities and enriched brine for industry.