PRESS RELEASE | I have been looking forward to sharing this exciting news for Ross Energy: Besides launching our new name Ross Energy and our revised business strategy, where we focus on the digitalization of well planning processes and where we aim to increase our portfolio of long-term business partnerships within the global green transition industry, we are happy to bring this news.
Ross Energy has entered an exclusive partnership with Fidelis New Energy, LLC (“Fidelis”) for the development, construction, and operation of onshore CO2 storage networks in Denmark and Southern Sweden where we will utilize the unique geologic structures and formations prevalent throughout the two countries. The agreement is with mutual exclusivity, where Ross will act as Fidelis full-service well management, subsurface and field development partner for Fidelis current
CO2 storage projects in the region and Ross Energy will use Fidelis as our exclusive partner in any future CCS projects where Ross Energy will be involved.
Pete Hollis, Global Head of Carbon Management for Fidelis New Energy, LLC. Says: “Ross Energy has consistently demonstrated an industry-leading technical competence with regards to carbon storage and an unparalleled knowledge of the Danish subsurface, which matches perfectly with the Fidelis development approach for the Norne Carbon Storage Hub.”
Ole Nygaard, Project Director, Ross Energy, states: “We are honored to have the opportunity to work with Fidelis towards developing safe and cost-competitive onshore carbon storage facilities in Denmark and southern Sweden. We are impressed by the knowledge and experience with carbon management and carbon-negative power that Fidelis brings to the table.”
Fidelis is developing the Norne Carbon Storage Hub, which will provide CO2 emitting companies with the opportunity to access cost-effective and safe decarbonization options and will help Denmark and other countries achieve ambitious 2030 and 2050 climate goals by the injection of 20 million tonnes or more per year by 2030.
Being part of this exciting operation lets Ross Energy contribute to reaching the ambitious Danish climate goals. We look forward to this long-term relationship and its huge potential for both parties and, not least, the climate.
– Lars Andersen, CEO, Ross Energy