ZEG Power (ZEG) and Transitus Energy (Transitus) are entering into a collaboration, having signed a LoI with the purpose of exploring joint opportunities related to the production of clean H2 and power in the UK, Netherlands, Republic of Ireland and Norway.
“We are excited to collaborate with Transitus, working together in empowering the production of clean, reliable energy. Current energy markets highlight the importance of reliable access to energy, while the climate crisis simultaneously requires this to originate from low carbon solutions,” said Arild Selvig, CEO of ZEG. “A partnership between ZEG and Transitus would seek to deliver on both these important market drivers in the UK and beyond.”
“Blue hydrogen will accelerate the transition towards decarbonization of the energy sector. It enables clean utilization of natural gas resources and therefore it is a fast-track to decarbonization while ensuring reliable and affordable access to energy during these demanding times,” said Bjørn Inge Tønnessen, Executive Chair of Transitus.
The ZEG ICC Technology, which enables the production and use of clean H2 from natural gas, is ready for the global market following the delivery of the first commercial ZEG production plant at CCB Energy Park on the west-coast of Norway in 2022.
The UK and Europe have every opportunity to build a low-carbon energy supply and be on the forefront of decarbonization. By decarbonizing now, using blue H2 at a 20% blend in the natural gas network, it has been estimated that in the UK alone 30 MMtpy of CO2 emissions can be averted, equivalent to 1.25-MM cars worth of emissions being eliminated.
“The UK is an emerging and highly interesting market for us, and this collaboration is a step in the right direction,” said Kathrine K. Ryengen, CCO of ZEG. “We strongly believe in the impact of our technology for producing clean hydrogen from gas with integrated carbon capture (ZEG ICC Technology), and we hope we can significantly contribute along with Transitus to bring forward the UK hydrogen economy.”
“Blue hydrogen is a rapid pathway to decarbonization of heating, transportation, and industry, which can be done today while green hydrogen, solar, wind and nuclear ramp-up,” said Jack Peck, CEO of Transitus. “The UK is ideally positioned to lead the clean energy industrial revolution fueled by blue hydrogen with access to abundant natural gas and carbon storage assets. Working with ZEG Power and their cutting-edge blue hydrogen technology will enable Transitus to supply clean, robust, and affordable hydrogen into the market.”