Utilizing existing oil fields to produce zero-carbon energy
Alternative solutions to traditional oil and gas technologies are in high demand—as we progress towards more sustainable energy options, Proton Energy Technologies Ltd. (Proton) proposes hydrogen as a new solution. Using existing oil fields, Proton intends to gasify and reform the remaining fuel reservoirs, creating a reaction which then releases hydrogen and carbon dioxide. The produced gases (carbon dioxide, carbon monoxide, and hydrogen) are separated underground, and hydrogen is extracted and transported for use. This approach reduces carbon dioxide emissions and limits the need for fresh water used in other processes.
As an early-stage startup, Proton required a feasibility study from a reputable entity to gain the interest of stakeholders and investors. That’s where we came in. We provided Proton with a scoping study, using known, high technology readiness level (TRL) options to produce an accurate estimate of operating expenses, while allowing foreseeable issues to be compartmentalized to the individual technologies.
The perspective realism we brought to the demonstration project helped Proton promote their technology and gain the interest of potential stakeholders and investors
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