ESB

ESB Energy and dCarbonX have signed a joint venture agreement aiming to integrate large-scale energy storage projects off the coast of Ireland which could ...

This would come to fruition via the Public Service Obligation (PSO) levy that is applied to electricity consumers to cover the costs of renewable support schemes introduced by the government. We look forward to progressing these opportunities with ESB.” The joint venture will focus on three specific green hydrogen storage opportunities based around proposed decarbonisation clusters. We are delighted to be partnering with dCarbonX and Snam on these projects.” ESB’s venture with dCarbonX will capitalise on the renewable potential of Ireland via its offshore and onshore wind capacity and turn it into green hydrogen to complement the intermittent generation sources. The companies will look to develop large-scale production of green hydrogen with a target of up to 600ktpa production capacity, integrated with new renewable power, across UK, Spain and Portugal.

ESB and dCarbonX have signed a joint venture agreement that will allow the companies to progress large-scale green hydrogen storage projects off the coast ...

We are delighted to be partnering with dCarbonX and Snam on these projects.” Since the second quarter of 2021, ESB and dCarbonX, (an affiliate of Italian natural gas company Snam), have been working together in terms of the assessment and development of Irish offshore green hydrogen subsurface storage. ESB and dCarbonX have signed a joint venture agreement that will allow the companies to progress large-scale green hydrogen storage projects off the coast of Ireland.

Irish utility company Electricity Supply Board (ESB) and asset-focused energy company dCarbonX have signed a joint venture agreement to progress large-scale ...

Ireland’s significant wind resources are providing a unique opportunity for the production of green hydrogen. ESB said it is committed to the future delivery of green hydrogen production and storage in Ireland to ultimately supplant the use of fossil fuels. Tony O’Reilly, dCarbonX CEO, said: “The signing of this joint venture agreement with ESB is another crucial step in the development of large-scale energy storage solutions for Ireland.

Partnering with energy company DCarbonX, ESB is eyeing new locations to expand its green hydrogen plans as it aims to go net zero by 2040.

It committed to ensure a five-fold increase in renewable energy to 5MW, along with reducing the carbon intensity of its electricity generation by two-thirds by 2030. This can then be stored underground and used during periods of low wind energy production. ESB has been working with the company since early 2021 to identify locations to develop Ireland’s offshore green hydrogen subsurface storage infrastructure. [Fit for 55](https://www.siliconrepublic.com/business/fit-for-55-eu-climate-legislation-pacakage-emissions) package as well as Ireland’s own [Climate Action Plan](https://www.siliconrepublic.com/machines/climate-action-plan-2021-ireland-electricity-energy) and the need to diversify the country’s energy supply. It will see the redevelopment of decommissioned gas reservoirs at the [aims to be net zero in emissions by 2040](https://www.siliconrepublic.com/machines/esb-net-zero-emissions-2040-renewable-energy-climate).

According to ESB power check app, 1362 customers have had a disruption in their supply since ten to 2 this afternoon. Power is expected to be restored by 5pm.

ESB and dCarbonX have signed a joint venture agreement that will allow the companies to progress large-scale energy storage projects off the coast of ...

The development of green hydrogen storage capacity at scale will play a key role in a Net Zero future. Working with the backing of our shareholder Snam, dCarbonX has already begun the assessment of suitable offshore reservoirs that can support the storage of hydrogen and hydrogen carriers. “Mirroring the developments across Europe, ESB recognises the importance of large-scale energy storage and the role that green hydrogen will play in enabling a net zero future.