TES partners with Energie 360° for green energy supply
Belgian green hydrogen company Tree Energy Solutions (TES) and Zurich-based energy provider Energie 360° have teamed up to supply green energy to the industry and support each other in achieving their decarbonisation goals.
To this end, the companies have signed a letter of intent under which TES aims to supply Energie 360° with around one terawatt hour (TWh) of renewable synthetic methane (eNG) annually from 2027. Energie 360°, in return, intends to supply renewable CO2 to TES.
The main goal of TES is to accelerate the energy transition by using existing global energy infrastructure to supply customers with eNG, which is produced by combining green hydrogen and CO2. TES wants to supply Energie 360° with eNG produced in regions that have large amounts of renewable energy.
In return, Energie 360° wants to supply renewable CO2, for example from its own energy plants. This creates and maintains a circular closed loop, the partners explained.
Jörg Wild, CEO of Energie 360°, said: “In the future, there will still be industrial companies that need gas – especially for special high-temperature applications – but we want to offer this gas completely from renewable sources. The transformation of the energy system from fossil to renewable is a major challenge. We look forward to working with TES and believe that the partnership we are seeking can contribute as an important piece of the energy transition puzzle.”
Marco Alverà, CEO of TES, remarked: “We are pleased to support Energie 360°’s efforts to decarbonise by offering them cost-effective, green energy. Energy suppliers play a critical role in the energy revolution realising the goal of net-zero and actively contributing to a true circular economy.”
In the meantime, TES is working with its partners Uniper and Niedersachsen Ports (NPorts) to develop a new large joint import terminal for green gases in Wilhelmshaven, Germany. The terminal with an expected capacity of 20 million tons of LNG and eNG will have up to six berths for TES and Uniper.
TES aims to take the final investment decision (FID) in 2023, with the goal of starting the first phase of the largest import terminal in Europe in 2026.
The company wants to begin importing the first eNG by the end of 2025 or early 2026 and to increase capacity to 5 million tons by 2030.
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