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The company will look at areas including gas production and conversion; geophysical imaging; chemical manufacturing and conversion; novel materials; enhanced oil recovery; and water treatment. A good example of where this is already working is our investment in GlassPoint Solar Inc.
The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. It can be combined with a high-efficiency solar cell and attached to a specifically designed concentrated photovoltaic solar panel. We are delighted to be partnering with the CCC to open this new market.
In the future, hydrogen produced through water electrolysis is expected to be used to store energy as a way of compensating for solar or wind power’s intermittent output. In addition to being a carrier of energy, hydrogen could also be a source of energy, and its combustion would emit water (H 2 O) instead of CO 2.
European Energy is a global renewable energy company and project developer (wind, solar and Power to X). As a partner, European Energy will produce e-methanol for Maersk’s first green feeder vessel, which is expected to be on the water by 2023. Orsted (Denmark). Proman (Switzerland).
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