Circular Energy operates an innovative integration model between offshore gas fields and offshore wind parks. The company is making this happen by subsequently upstreaming gas from natural gas reserves, directly produce power from the gas offshore and bringing the power to shore by plugging-in a power export cable on the nearest windfarm infrastructure. This operational model holds several benefits compared to a traditional gas development scheme.
The company is in advanced stages of finalizing its technological concept and is parallel working on a gas first field development plan. After finishing the surface/subsurface working packages together with our syndicate partners TNO/Siemens/PZEM/eRiskGroup, a definitive capital round (deadline mid-2018) and a construction period (deadline mid-19) the project will become operational and cash generating by Q1-20.