VH
GLOBAL ENERGY INFRASTRUCTURE PLC
19
December 2024
Update on the UK flexible
power project
VH Global Energy Infrastructure plc
("the Company") has today provided an update on the commissioning
progress of its UK flexible power plant with carbon capture and
reuse.
As a result of initial delays in
commissioning the high-temperature Organic Rankine Cycle turbines
and a minor fault in the carbon capture units detected at the start
of commissioning, the Company has taken the prudent decision to
delay the production of the first CO2 stream by one month to late
January. This decision also takes into account the planned
cessation of works during the Christmas period. Full export of CO2,
including the second stream, is now scheduled before the end of Q1
2025.
The Company remains excited by the
successful delivery of this innovative project, which supports
renewable energy access in the UK through grid stabilisation while
reducing greenhouse gas emissions at the point of generation. As of
today, the site is almost 90% commissioned, with the power island
comprising of six Rolls Royce MTU engines (four 16V engines and two
12V engines), as well as gas pipework on site onstream.
Commissioning of the carbon capture facility is ongoing.
The Company is focused on delivering
all elements of the project to the highest standard, reflecting its
commitment to robust execution and long-term
performance.
www.globalenergyinfrastructure.co.uk
The Company's LEI is
213800RFHAOF372UU580.
For further information:
Edelman Smithfield (PR
Adviser)
Ged
Brumby
+ 44 (0)7540 412 301
Hamza
Ali
+ 44 (0)7976 308914
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
Ocorian Administration (UK) Limited
(Company Secretary)
oaukcosecteam@ocorian.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 Investment (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).
