RE: price drop 12 noon20 Feb 2020 15:50
Environmental Resources Management (ERM) has received £3.12m to develop its Dolphyn project which focuses on the production of green hydrogen from floating, offshore wind turbines.
The first of its kind project, featuring a 400 turbine ‘farm’, is believed to have a capacity of 4GW, enough to sufficiently heat more than 1.5 million UK homes with no carbon emissions.
With phase one of the project complete, the new capital will allow ERM to begin phase two which will undertake detailed engineering and consents, with a view to make a final investment decision on a 2MW prototype facility by March 2021.
“Hydrogen offers the opportunity of a cleaner, greener fuel for heating our homes and getting us from A to B,” said Kwasi Kwarteng, Minister for Business, Energy and Clean Growth.
“The innovative ERM Dolphyn project is a clear step in that direction – particularly in this year of climate action.”
The development plan for the project has a target date for the operational start-up of the 2MW prototype facility by summer 2024.
A 100MW full scale pre-commercial facility is planned to follow by 2026, with full scale commercialisation shortly afterwards.
Tim Strawn, Regional CEO at ERM, commented, “ERM’s Dolphyn project provides a significant opportunity to progress towards a carbon neutral society.”
“The UK government’s support on this project has accelerated our ability to demonstrate that zero carbon gas can be generated commercially at large scale for use across the UK.”