Enterprize Energy has announced its intentions to construct a 4GW plant powered by turbines.
Enterprize Energy, a company based in Singapore, has signed an agreement for the construction of a massive $10 billion wind farm off Ireland’s coast for powering a new green hydrogen plant.
Clean H2 is produced through electrolysis that is powered by renewable energy such as wind.
Green hydrogen is viewed as a cleaner alternative to H2 made using natural gas – even when carbon capture and storage (CCS) is used to remove some of the greenhouse gas emissions. H2 is used for industries such as chemicals and steel, among others. Energy majors from BP Plc to Equinor ASA have been placing a focus on developing and employing the technology. Europe has established a 6-gigawatt goal for installed clean H2 by 2024, which will rise to 50 gigawatts by 2030.
The Enterprize Energy Pte 4-gigawatt wind farm will supply the electricity required for producing the H2 to be consumed in Ireland or that will be converted into ammonia, which will make it possible to export it, said Ian Hatton, Enterprize Energy’s Chief Executive Officer.
“We see Europe as being a net consumer of green hydrogen,” said Hatton. “Our overall model is about developing production of green hydrogen in locations where the natural resources are going to give you the lowest cost and then bring it into the market, so Ireland, to us, is a key hub in that strategy.”