TES partnership to manage Germany’s 5th FSRU

04 September 2022

Workers stand at a construction site for a planned floating Liquefied Natural Gas (LNG) terminal in the harbour in Wilhelmshaven, Germany, August 16, 2022. (Photo: Reuters)

Germany’s Federal Ministry of Economics and Climate Protection has chosen Tree Energy Solutions (TES) E.ON and ENGIE to jointly develop and implement the country’s fifth Floating Storage Regasification Unit (FSRU).

TES plans to start operations at the fifth FSRU at the beginning of the heating period in 2023. The facility will have an annual importing capacity of about 5bcm, which covers about 5% of Germany’s annual consumption. The FSRU will enhance Europe’s and Germany’s energy security, accelerating its energy independence, and achieving full net zero by mid of the century, TES announced.

In Wilhelmshaven, TES is building the largest Green Energy Hub in Europe offering a unique model to convert large amounts of renewable electrons from sunny and windy locations into green hydrogen and affordable, renewable gas.

The FSRU, which will be chartered for a five-year period from Excelerate Energy (NYSE: EE) and related LNG delivery commitments will accelerate European energy independence while enhancing Germany’s security of supply.

The FSRU will fast-track TES’ Wilhelmshaven hydrogen terminal, scheduled to commence operations in 2025.

For this, TES and E.ON already signed an MoU on a strategic partnership end of March. The green hydrogen terminal in Wilhelmshaven will serve as the primary entry point for clean, safe, affordable and abundant sustainable energy in Europe, as well as a catalyst for a circular carbon economy. TES will import green hydrogen from its upstream projects in the form of renewable LNG using green hydrogen and circular CO2.

TES’s Wilhelmshaven hydrogen terminal, the development of which will be accelerated by the recently announced FSRU project, is flexible, modular and future-proof, TES said. The company plans to integrate the import of green molecules within the first 12 months that the FSRU is in operation in order to allow a fast and efficient green transition.

ENGIE is responsible for chartering of the FSRU on behalf of the BMWK, for part of its LNG supply, and with TES for the development and the operation of the FSRU.

The five-year-chartered FSRU will be provided by Excelerate Energy, following negotiations led by Engie, and will be stationed in Wilhelmshaven, where TES already owns 145 hectares of land and has been developing the hydrogen terminal since 2019 to start large-scale imports by 2025.

The TES terminal’s structure will ultimately include 6 ship berths, 2,000,000 cubic meters of onshore storage using 10 on-site tanks, and direct access to the natural gas, hydrogen, and CO2 pipeline networks required for decarbonization and true net zero energy supply.

TES is developing a diversified upstream green energy portfolio and accessing the best renewable locations to produce green hydrogen for imports beginning in 2025, for example, USA, Canada, South America, North and Southwest Africa, North Sea Region, Middle East and Australia. This will ensure an early and quick ramping green molecules supply on a large scale.

TES is a green hydrogen company building next-generation infrastructure to produce and import affordable green energy,

E.ON operates one of Europe’s largest operators of energy networks and provides innovative customer solutions for more than 51 million customers.

Engie provides natural gas, LNG and low carbon services . Excelerate Energy is a U.S.-based LNG company and offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply.

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