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
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).