GEV, Global Energy Ventures, signs MOU with iLF for hydrogen projects in Europe & Australia.
Australia based Global Energy Ventures Ltd (ASX: GEV, the Company) announce it has entered into a Memorandum of Understanding (MOU) with Germany based ILF Beratend Ingenieure GmbH (ILF Consulting Engineers) to identify and develop green hydrogen projects in Europe and Australia which will include GEV’s C-H2 shipping solution
Martin Carolan, GEV Managing Director, commented:
GEV has identified Europe as a key market for the company’s C-H2 shipping and supply chain with the renewable energy sector growing at a rapid rate for some years and the transport of green hydrogen using compression highly suitable given the short to medium distances to future demand centres such as Germany.
“The MOU with ILF will establish GEV’s launch into Europe with one of the world’s leading engineering firms with expertise in the design and implementation of green hydrogen projects. ILF’s experience in hydrogen, strong reputation in project delivery and long-standing relationships will be beneficial to GEV in Europe while we will also look to ILF’s expertise across the value chain for hydrogen projects in Australia.”
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Jens Kottsieper, ILF Business Development Manager, commented:
ILF sees Australia as an important supplier of green hydrogen, and we look forward to applying our expertise across the value chain.
“We also recognise the need for shipping of hydrogen into Europe given the need for large quantities. Transporting large quantities of gases has been a topic that has kept us busy for
over 50 years. We are glad to be able to complement our pipeline and hydrogen expertise with GEV’s expertise in low-cost transport by ship.”
“The cooperation with GEV allows us to advise our customers even more comprehensively on their transport issues in order to develop a solution that fits their specific requirements. ILF is competent in consulting, engineering and project management; GEV is competent in project implementation. With our joint support, gas really does flow. .”
OBJECTIVES OF THE MOU:
- GEV is a project developer of C-H2 supply chain projects and is progressing the design and approvals of the C-H2 Ship, along with the related ship loading and unloading facilities.
- ILF is a multi-disciplined international engineering and consulting firm that works with clients to execute technically demanding industrial and infrastructure projects including, without limitation, gas and energy projects.
- Both Parties will cooperate and explore renewable project opportunities regarding the full hydrogen value chain employing GEV’s C-H2 ship and supply chain in Europe and Australia.
- • The term of the MOU is valid until 31 December 2022 and can be extended by mutual agreement
ILF– A GLOBAL ENGINEERING FIRM WITH EXPERTISE IN THE FULL HYDROGEN VALUE CHAIN
ILF is an international engineering and consulting firm that has been helping its clients successfully execute technically demanding industrial and infrastructure projects for more than 50 years. With more than 2,500 highly qualified employees at more than 40 office locations across the world providing a strong regional presence. Close cooperation within the network of the ILF makes it possible to draw on international experts and make use of their special experience, processes, and tools.
The company is privately owned by the founding families and is therefore completely
independent. ILF’s main business areas are:
- Energy & Climate Protection (including Hydrogen)
- Water & Environment
- Transportation & Urban Spaces
- Oil, Gas & Industrial.
Hydrogen related projects are well known to ILF, as it is part of ILF’s pipeline, refinery and petrochemical plant business for over 20 years. Particularly ILF’s long term experience in the design of facilities as well as pipelines is a valuable basis for the design of electrolyser plants as well as hydrogen transport and storage solutions.
ILF has extensive experience in the engineering of the entire hydrogen value chain, including the design of renewable electricity generation, water treatment/ desalination, hydrogen production, storage, and transport.
ILF’s project highlights include the Demo4Grid project, a 4 MW electrolyser plant with hydrogen storage and truck fuelling station in Austria, in which ILF is entrusted as Owner’s Engineer with the conceptual design, approval planning and detailed design; Element Eins, a feasibility study for Germany’s gas and electricity grid operators for a 40-100 MW power-to-gas plant including electrolysis, methanation, hydrogen pipeline, and injection into the existing gas grid; the Red Sea Development Project, a feasibility study to investigate hydrogen as a possible energy storage solution for up to 50 MW of surplus electricity from renewable generation sources in Saudi Arabia; or various studies of Compressor Stations, investigating the impact on machinery, balance of plant and pipeline of injecting hydrogen into the existing natural gas system.
ILF joined the AquaVentus consortium in 2020 to develop up to 10 GW production of green hydrogen on the island of Helgoland and a 200 km hydrogen pipeline for transport to the shore. ILF is thus supporting the trend towards upscaling, as green hydrogen will become competitive when it is produced with cheap electricity in quantities comparable to natural gas and crude oil.
GEV and ILF have executed a Memorandum of Understanding (MOU) for the identification and development of green hydrogen projects in Europe and Australia that will include a compressed hydrogen (C-H2) shipping solution.
- ILF is an international engineering and consulting firm based in Germany focussed on major energy, industrial and infrastructure projects (for more details: www.ilf.com).
- ILF’s engineering expertise covers the hydrogen value chain from renewables, water supply down to hydrogen production, transportation and storage and offers solutions for a large spectrum of hydrogenrelated projects.
- The MOU provides GEV with access to the fast-developing hydrogen economy in Europe, leading the world with clean energy policy, incentive schemes, deep pools of ESG financing, production and centres of hydrogen demand.
- Up to 85% of the world’s proposed green hydrogen projects are in Europe, with a pipeline of over 9 GW in Germany, 6 GW in the Netherlands, and 4 GW in the UK, all scheduled to be operational by 2030.1
- Australia has now announced 6 of the top 20 gigawatt-scale green hydrogen projects, supported by low renewable energy costs and export markets that could include Germany.2
- GEV and ILF to immediately commence the review of identified green hydrogen projects suitable for a C-H2 shipping solution, both onshore and offshore applications
GEV SIGNS MOU WITH ILF FOR HYDROGEN PROJECTS IN EUROPE & AUSTRALIA, May 31, 2021
