EnergyPathways PLC and Hazer Group Partner on Clean Energy Project

Strategic Insights -

EnergyPathways PLC (AIM:EPP), a UK-based clean energy company, has made a major stride in reducing carbon emissions by signing a memorandum of understanding with Hazer Group to develop a hydrogen production facility using cutting-edge methane pyrolysis technology. This innovative technology splits methane into hydrogen and solid carbon without producing carbon dioxide, making it an attractive method for producing "clean hydrogen." The joint project will also create a 90-megawatt facility capable of producing 20,000 tonnes of hydrogen annually, as well as clean ammonia and synthetic graphite.

Key Takeaways:

  • EnergyPathways PLC has partnered with Hazer Group to develop a hydrogen production facility using methane pyrolysis technology, a process that splits methane into hydrogen and solid carbon without producing carbon dioxide.
  • The facility will have a capacity of 90 megawatts and produce 20,000 tonnes of hydrogen per year, as well as clean ammonia and synthetic graphite.
  • The project ties into the UK government's drive to reduce Scope 3 emissions and strengthen the domestic supply of critical materials, such as ammonia, which will no longer be imported due to tariffs set to come into force in 2027.
  • The facility is part of EnergyPathways' broader MESH energy storage project, offering flexible, low-carbon power solutions for the UK grid.
  • The project aims to provide affordable, reliable, low-carbon energy and energy products, including clean ammonia and graphite.
  • Ben Clube, CEO of EnergyPathways, stated that the partnership is a significant milestone in the company's plans to provide the UK with low-carbon energy.

Statistics:

  • 90 megawatts: capacity of the hydrogen production facility
  • 20,000 tonnes: amount of hydrogen produced per year
  • 90-megawatt: capacity of the facility producing clean ammonia

Sources:

  • EnergyPathways PLC Press Release, 25th February 2023