MEUDON, France – Vallourec, a leader in premium seamless tubular solutions, and Geostock, a global specialist in underground storage of energy, have signed a memorandum of understanding to strengthen their collaboration in developing the infrastructure required for the energy transition, particularly for hydrogen and carbon capture, use and storage (CCUS).
The collaboration focuses especially on hydrogen storage, where the companies have a complementary product and services offering. Together, Vallourec and Geostock can support the full range of storage needs of the green hydrogen value chain, a news release states. Vallourec’s turnkey Delphy storage system is capable of storing up to 100 tons of hydrogen under maximum safety conditions, while Geostock’s mined lined rock caverns are ideal for larger capacities.
Complementarities also extend to both companies’ industrial expertise. For example, Geostock’s expertise in subsurface development could be leveraged to support customers in the installation and associated civil engineering for Vallourec’s Delphy solution, the release states.
The agreement also covers cooperation on well architecture and tubular solutions for hydrogen and CCUS applications. Vallourec and Geostock will share their expertise, R&D findings and technical solutions to design wells suited to the demanding conditions of subsurface hydrogen storage and C02 injection. Vallourec’s tubular solutions will support Geostock and its customers in deploying safe and high-performance underground storage infrastructures, the release states.
“This partnership marks an important step in strengthening our collaboration with a leading expert in underground storage,” said Philippe Guillemot, group chairman and CEO of Vallourec. “By joining forces with Geostock, we are accelerating the development of the infrastructure essential to build a performing low-carbon energy value chain in hydrogen storage and CCUS.”