Ervia, a multi-utility company in Ireland has signed a Memorandum of Understanding (MOU) with multinational energy company Equinor,
The MOU will see the two companies assess the potential for Ireland to benefit from carbon capture and storage (CCS) and outlines how with companies will work together in the wider ‘Northern Lights’ project.
If successful, the project will see carbon emissions from Ireland’s electricity production and large industry captured and exported via ship to be permanently stored in Norway’s geological reserves in the North Sea.
“This MOU is a key step forward in Ireland playing a role in developing the potential of CCS technology, which has been recognised by the European Commission and the Intergovernmental Panel on Climate Change as being critical to the achievement of climate targets,” said Cathal Marley, Interim CEO of Ervia.
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