Global Renewable News
Summary
CeraPhi Energy Ltd ("CeraPhi") is pleased to announce the signing of a strategic agreement with Star Energy Group plc ("Star Energy") that will enable the transition of legacy onshore oil and gas wells into sustainable geothermal energy centres across the United Kingdom.
The agreement marks a significant milestone in the UK's energy transition, establishing a framework for the potential transfer and repurposing of non-producing wells and wellsite's owned by Star Energy, the UK's largest onshore oil and gas operator, into clean energy assets using CeraPhi's proprietary CeraPhiWell technology. It is the first step towards developing a clear regulatory and commercial pathway, including engagement with the North Sea Transition Authority (NSTA) and the Environment Agency, and sets out defined milestones for asset transfer, planning, and development. CeraPhi will assume responsibility for the full lifecycle of geothermal development, including funding, construction, operation, and eventual decommissioning.
Continue Reading
#News#GeothermalandGeo-Exchange