IGas are pleased to announce a further step in its strategy to be well placed in the energy transition by entering into heads of terms with BayoTech, a manufacturer of modular hydrogen generation systems, to produce hydrogen from certain of IGas' existing gas resources.
BayoTech, whose high efficiency, low carbon technologies originated in Sandia National Laboratories, is a hydrogen generation technology company offering hydrogen production solutions through rentals, leases, sales and Gas as a Service to customers worldwide. Headquartered and produced in New Mexico, USA, BayoTech's on-site hydrogen generators are more efficient than legacy steam methane reformers, leading to lower carbon emissions and low-cost hydrogen.
IGas has initially identified two of its existing sites, in the South East, where the gas resource can be reformed into hydrogen which will then be sold to local or national customers.
Commenting, IGas CEO, Steve Bowler said:
"I am very pleased to announce our partnership with BayoTech, a leading technologies business in hydrogen generation systems.
Preliminary engineering work has confirmed that gas at these sites is suitable for BayoTech's innovative, modular system.
We look forward to working with BayoTech to be well placed in the growing hydrogen economy which will add value to our existing gas resource through the delivery of cost effective hydrogen."
Commenting, BayoTech CEO, Mo Vargas said:
"IGas' leadership is a great example of where locally produced resources can be used in the energy transition to significantly reduce the carbon intensity associated with long distance transportation of hydrogen, support local jobs and provide the UK with low cost hydrogen to accelerate the new economy.
We are excited to be partners with IGas and look forward to the transformative plans we have together in providing low cost, low/no carbon hydrogen to the UK."
IGas Energy plc
IGas Energy is a leading British oil and gas explorer and developer, producing c.2,200 barrels of oil equivalent per day from over 100 sites across the country, with significant potential yet to be delivered from our assets.
IGas has played a key role in Britain's onshore energy production; safely exploring, developing and producing onshore oil and gas at our sites for over three decades. Our management and technical teams have many years of experience in onshore energy production and most live and work in the communities in which we operate.
IGas is extremely well positioned for the future as we move closer to unlocking Britain's untapped unconventional oil and gas resources.
BayoTech is an energy solutions company committed to addressing the need for consistent, cost-effective supply of hydrogen. We offer modular, scalable, and rapidly deployable hydrogen production systems through sales, rentals, leases, and gas-as-a-service to customers worldwide. Headquartered and produced in New Mexico, USA, BayoTech's on-site hydrogen generators are more efficient than legacy steam methane reformers, leading to lower carbon emissions and low-cost hydrogen.
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