France’s Technip Energies teamed up with Belgium-based John Cockerill, a designer and electrolyzer manufacturer, to form a company dedicated to integrated green hydrogen and Power-to-X projects, according to a Nov. 30 news release.
Called Rely, the company is an asset light joint venture on a mission to decarbonize hard-to-abate industries.
Utilizing a standardized approach, Rely will offer end-to-end large-scale solutions ranging from pre-final investment decision services—such as technical and financial advisory—to proprietary technologies, project execution and operation and maintenance, the release stated.
Rely was formed as the energy industry works to scale green hydrogen, green ammonia and other sustainable fuels.
“We’re determined to develop a portfolio of technologies that will drive down costs over the long haul. This is just the beginning of the story,” Technip Energies CEO Arnaud Pieton said in the release.
Rely is headquartered in Brussels, Belgium. Technip Energies holds a 60% interest in Rely, while John Cockerill holds 40%.
Recommended Reading
Chesapeake, Awaiting FTC's OK, Plots Southwestern Integration
2024-04-01 - While the Federal Trade Commission reviews Chesapeake Energy's $7.4 billion deal for Southwestern Energy, the two companies are already aligning organizational design, work practices and processes and data infrastructure while waiting for federal approvals, COO Josh Viets told Hart Energy.
Exclusive: Sabine CEO says 'Anything's Possible' on Haynesville M&A
2024-04-09 - Sabine Oil & Gas CEO Carl Isaac said it will be interesting to see what transpires with Chevron’s 72,000-net-acre Haynesville property that the company may sell.
Exclusive: Liberty CEO Says World Needs to Get 'Energy Sober'
2024-04-02 - More money for the energy transition isn’t meaningfully moving how energy is being produced and fossile fuels will continue to dominate, Liberty Energy Chairman and CEO Christ Wright said.
Exclusive: Tenaris’ Zanotti: Pipes are a ‘Matter of National Security’
2024-04-12 - COVID-19 showed the world that long supply chains are not reliable, and that if oil is a matter of U.S. national security, then in turn, so is pipe, said Luca Zanotti, U.S. president for steel pipe manufacturer Tenaris at CERAWeek by S&P Global.
Exclusive: Calling on Automation to Help with Handling Produced Water
2024-03-10 - Water testing and real-time data can help automate decisions to handle produced water.