Hydrogen company Tree Energy Solutions (TES) has said that it will accelerate plans to build a green gas terminal in the German port of Wilhelmshaven.
In light of the prevailing energy crisis driven by Russia’s invasion of Ukraine, the fast-tracking of the project will provide Germany with alternative and sustainable energy security, the firm said.
Go deeper with GlobalData
The project, which forms part of the company’s wider Green Hydrogen Hub, will also be equipped to receive traditional liquefied natural gas (LNG) imports as an intermediate source of supply.
Initiated in 2019, the Wilhelmshaven project is expected to contribute to the European country’s sustainability goals while preventing future stranded assets.
The firm plans to commission the first phase of the project by the winter of 2025.
See Also:
TES founder and managing director Paul van Poecke said: “In view of our planned full scale, we are planning six independent tanks, combined with six ship-berths, using a novel approach with minimal environmental and visual impact. We are also willing to constructively accommodate any alternative gas importers, and still ensure third party access in line with current DG Energy regulations and practices.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“TES welcomes participation from other parties, on the condition that it accelerates the project, and does not jeopardise the long-term clean and green energy ambitions that are core to the TES DNA.”
The project will initially have the capacity to import 25TWh of green gas per year. The capacity will be further increased to 250 TWh per year, and more than five million tonnes of hydrogen, in the final stage.
By 2045, the terminal is expected to meet 10% of Germany’s total annual primary energy demand. This represents an annual energy usage of approximately 43 million households.
The terminal is expected to receive a €25bn in investment by 2045. It could also bring up to 30 billion cubic metres of natural gas to Germany in the first few years, reported Reuters, citing business newspaper Handelsblatt.
TES chief operational officer Otto Waterlander told the newspaper: “The German government has asked us to integrate an LNG terminal into our planned hydrogen factory, in order to reduce our dependence on imports from Russia as quickly as possible.
“Technically, it makes no difference for us. We can use the same terminal to land LNG from natural gas as for green gas from hydrogen.”
Last month, Germany announced that it was withdrawing from the Nord Stream 2 subsea pipeline, following Russia’s invasion of Ukraine.
