RE: What's the REAL price of this undervalued stock?21 Jan 2021 09:18
Having completed a review of IGas's assets, I am excited about the various energy transition opportunities that we have identified. Our partnership with BayoTech will allow us to advance hydrogen production opportunities, increasing the value of the gas we produce whilst pioneering the use of small scale steam methane reformation equipment in the UK. Our land portfolio is well suited to the development of renewable and hybrid flexible power generation and our assets have the potential for carbon storage at scale in locations close to emitters. The Government's recently published Energy White Paper makes a commitment to repurposing: "We will provide opportunities for oil and gas companies to repurpose their operations away from unabated fossil fuels to abatement technologies such as carbon capture, utilisation and storage (CCUS) or clean energy production such as renewables and hydrogen"
The British Geological Survey recently estimated that geothermal energy resources in the UK are sufficient to deliver about 100 years of heat supply for the entire UK. The publication of the UK Government's Ten Point Plan and Energy White Paper provides for significant opportunity for our geothermal business in the decarbonisation of large-scale heat and we look forward to responding to the Green Heat Network Fund consultation.
We look forward to advancing these