Eclipse Energy, Wood validate low-cost hydrogen production from depleted oil reservoirs
In the United Arab Emirates, Zawya reported that Eclipse Energy said an independent techno-economic assessment by Wood has validated the commercial potential of its RenovaStrata H2 technology, which is designed to convert depleted oil reservoirs into hydrogen-producing assets.
The assessment found the technology could produce ultra-low-carbon hydrogen at a levelized cost as low as $0.56 per kilogram, below Eclipse’s target of $0.70/kg.
The company said the technology could enable the reuse of mature oil and gas infrastructure while supporting demand for lower-carbon energy.
The findings build on a field demonstration and provide a framework for future project development, investment evaluation and commercial scale-up, according to the report.
RenovaStrata H2 is designed to offer an alternative to greenfield hydrogen projects by using depleted reservoirs, potentially reducing development requirements and extending the productive life of existing oil and gas assets.
“Our field demonstration proved the science, and Wood’s assessment shows RenovaStrata H2 has the potential to deliver the economics and emissions performance needed for commercialization,” said Prabhdeep Singh Sekhon, CEO of Eclipse Energy. “The results provide a clear pathway from successful field demonstration to repeatable, commercial-scale hydrogen projects, without forcing a decision between lowering cost or lowering carbon.”
Category: Hydrogen
