Statement from Duke Energy:
We’re joining those in the industry working to achieve significant reductions in upstream methane emissions, alleviating concerns about leakage in natural gas production and transportation.
To achieve this, we’ve joined ONE Future, a coalition of natural gas companies finding solutions to voluntarily reduce methane emissions across the natural gas supply chain – with a goal to lower emissions to less than 1% by 2025.
Finally, to capture remaining emissions we can’t eliminate through responsible procurement and improvements in our operations, we’ll purchase renewable natural gas, and other offsets if necessary, to drive down any remaining methane emissions to net-zero over the next 10 years.
My Thoughts:
The current 5.2 MW project in N.C. is electricity only. The project in Sterskel is 10 MW Gas to Grid (the first of its kind for Blue Sphere). The company is in the BOO/Plug and Play business model meaning that if Sterskel goes well, you can bet they want to recreate that around the world.
The company has a boat load of debt from the capital investments they have made, but they also have power purchase agreements to guarantee income for the next decade making that debt a lot less scary. Sterskel is a game changer because of the amount of revenue they are earning, as much as all their other projects combined.
I really think this just the beginning for this company, and they are in the right place at the right time. Hard to find hard information on future projects that are underway, but I think it is going to be an interesting 6 months.
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