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TWEFDA Association
In a TWEFDA Association 6 ES-Waves will be satellite of a central facility we call the TWEFDA Hub, which is typically a repurposed O&G platform but can also be a brand new construction or installed onshore (typically in harbours).
Repurposing O&G assets [Reuse of jacket (foundation for TWEFDA Hub), pipelines (exporting hydrogen) and wells (CCS injection)] This brings 3 revenue streams:
o The repurposed asset does not need to be remanufactured with economic and environmental considerations.
o The decommissioning of the repurposed asset can be deferred, lengthening useful lifespan.
o The future price to decommission the asset might be lowered due to technological or industry advances.
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