VH Global Sustain. - Update on the UK flexible power project

VH Global Energy Infrastructure

09/05/2024 07:00

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RNS Number : 6889N  VH Global Sustainable Energy Oppt.  09 May 2024

VH GLOBAL SUSTAINABLE ENERGY OPPORTUNITIES PLC

9 May 2024

 

Update on Net Zero Flexible Power Generation Project in the UK

 

VH Global Sustainable Energy Opportunities plc (the "Company" or "GSEO") - the
London-listed company managed by Victory Hill Capital Partners LLP focused on
the energy infrastructure that is essential for the global transition towards
net zero - is pleased to announce a major milestone for its 10MW UK flexible
power asset with carbon capture and re-use ("CCR").

 

Following the successful completion of a series of hot commissioning tests by
Landmark Power (LMPH), Yellow Power and Rolls Royce MTU under the supervision
of National Grid Energy Distribution ("NGED"), the operations of the asset's
power plant, comprising four Rolls Royce 16V engines, has now been transferred
to our operating partner LMPH. The testing and commissioning process took two
weeks during which time the units successfully generated power to the grid.

 

The timeline for the testing and integration of the CCR element of the asset
is still on track to be complete in the second half of the year with all key
equipment, including the Asco CO2 scrubbing units and exhaust piping, now on
site and installed.

 

This combined heat and power plant brings together high-efficiency, gas-fired
engines technology with a CCR system that will produce highly efficient
flexible power, helping to ensure the delivery of dependable power in the UK
amidst increasing penetration of intermittent renewable energy. Furthermore,
by utilising carbon capture technology on the gas-fired component, the project
will capture and purify the CO2 exhaust, while addressing the structural
shortage the industrial gases market is facing by selling the purified
food-grade CO2 commercially.

 

The key project partners include Rolls Royce, Mitsubishi Turboden, Climeon and
Asco.

 

 

Richard Lum, Co-CIO of Victory Hill Capital Partners commented:

 

"We are very pleased with the progress of the project to successfully achieve
hot commissioning under the stewardship of our operating partner Landmark
Power, who have now taken over operational control of the 16V power units on
site. It has taken the continued commitment of our principal partners Yellow
Power, Mitsubishi, MTU, Firbeck and Excalon to keep us on track to deliver a
unique asset which will soon provide the UK with much needed flexible power
and food grade CO2."

 

www.vh-gseo.com (http://www.vh-gseo.com)

 

The Company's LEI is 213800RFHAOF372UU580.

 

 

For further information:

Edelman Smithfield (PR Adviser)

Ged Brumby                      + 44 (0)7540 412 301

 

Victory Hill Capital Partners LLP (Investment Manager)

Navin Chauhan                 info@victory-hill.com

 

Deutsche Numis (Corporate Broker)

David Benda                       +44 (0)20 7260 1000

Matt Goss

 

Apex Fund and Corporate Services (UK) Limited (Company Secretary)

ukfundscosec@apexgroup.com

 

About Victory Hill Capital Partners LLP

Victory Hill Capital Partners LLP ("Victory Hill") is authorised and regulated
by the Financial Conduct Authority (FRN
961570).

 

Victory Hill is based in London and was founded in May 2020 by an experienced
team of energy financiers that spun-out of a large established global project
finance banking group. The team has participated in more than $200bn in
transaction values across 91 conventional and renewable energy-related
transactions in over 30 jurisdictions worldwide. Victory Hill is the
investment manager of the Company.

 

The Victory Hill team deploys its experience across different financial
disciplines in order to assess investments holistically from multiple points
of view. The firm pursues operational stability and well-designed corporate
governance to generate sustainable positive returns for investors. It focuses
on supporting and accelerating the energy transition and the attainment of the
UN sustainable development goals.

 

Victory Hill is a signatory of the United Nations Principles for Responsible
Investing (UN PRI), the United Nations Global Compact (UN GC), Net Zero Asset
Managers Initiative (NZAMI), a member of the Global Impact Investing Network
(GIIN) and is a formal supporter of the Financial Stability Board's Task-Force
on Climate-related Disclosures (TCFD).

 

 

 

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