City Briefs: ITM Power and President Energy

Graham Cooley
X The Business Desk

Register for free to receive latest news stories direct to your inbox

Register

The Green Hydrogen for Scotland consortium, which includes Sheffield-based ITM power,  has been successful in its application for funding from the Energy Innovation Portfolio competition run by the Department of Business, Energy, Innovation and Skills.

The £9.4m of funding will support investment in the first phase of development for ScottishPower’s 20MW Whitelee wind farm hydrogen production and storage facility. It will be used to fund a 10MW electrolyser and associated four tonnes of storage at the UK’s largest onshore win farm.

The funding support marks an important step for the creation of commercial-scale green hydrogen production which will ensure transportation and industrial sectors can access zero-emission hydrogen in the transition away from fossil fuels. By using renewable electricity and water as inputs to the hydrogen production process, this clean, green form of hydrogen will be critical in reducing carbon dioxide and greenhouse gas emissions across the economy.

Commenting on the funding, Graham Cooley, CEO, said: “We are very pleased to be a partner in Green Hydrogen for Scotland and this first project, Green Hydrogen for Glasgow, will see the deployment of the largest electrolyser to date in the UK.”

Alongside ITM Power the consortium also includes ScottishPower and BOC.

:::

Energy company President Energy which has recently announced plans to spin out its green energy subsidiary, Atome, has provided an update on its core hydrocarbon mining projects in North and South American.

In Argentina the Leeds-based company has achieved “incremental gas production” at one of its site while it has started drilling the first of three new wells and will reach target depth in the next seven days.

In Louisiana the company expects two wells Triche and Simmons to be placed back on production in the first week of December.

Finally the company announced that it is on track to complete the farm out of a site in Paraguay with further announcements expected at the end of the month.

Peter Levine, chairman of President Energy said if the core hydrocarbons business: “While there is certainly a lot of excitement surrounding the forthcoming flotation of the Company’s subsidiary Atome Energy PLC just as exciting is the important work that the team continues to deliver on the ground in Argentina, the United States and Paraguay.

“Thus I am pleased to report that the progress continues and I remain grateful to my colleagues for their diligence and continued honest endeavour in keeping on point and focused on our objectives within the hydrocarbon businesses. Thanks to them our plans remain on track and our production is increasing”.

Close