Aggreko, a global provider of mobile and modular power, temperature control and energy services, announced it has surpassed a record 2 GW of on-line gas production capacity. A key factor in reaching this milestone is the increased demand for flare gas to power projects, as well as Aggreko’s innovative approach to monetize stranded gas assets.
With a global focus on flaring reduction led by initiatives such as the World Bank’s Global Gas Flaring Reduction Partnership (GGFR), Aggreko has become a global leader in flaring gas solutions for power generation. . To date, the company has completed more than 210 projects worldwide, including an offshore project in Indonesia that harnessed flare gas to generate 27 weeks of reliable power supply for an offshore micro-grid. In the Middle East, Aggreko is currently delivering a project that reallocates 40 million standard cubic feet of APG per day, reducing operator flaring by a third and saving 840 tonnes of carbon emissions per day.
Along with the success of the company’s gas flaring operations, Aggreko spurred growth by leveraging its expertise in modular gas solutions to fuel, designing an innovative way to monetize stranded gas. Examples include three cryptocurrency mining projects in North America, where Aggreko provided miners with a reliable source of low-cost torch gas to power their bitcoin mining operations. These projects have avoided carbon emissions in a sector that has received global criticism for its energy demands and sustainability issues. In one of these partnerships, enabled by BYO Energy with Wyoming Mining, Aggreko converts 1 mmscf / day of stranded gas into 4 MW of continuous electricity at low cost for miners.
With GGFR pushing to end routine flaring by 2030, Aggreko anticipates significant further growth and is investing more than £ 200million to increase the size of its gas production fleet as part of its global commitment to achieve net zero in its own operations. Aggreko aims to reduce the amount of diesel fuel used in customer solutions by 50% by switching them to gas and continuing to reuse waste gases for electricity. The company is also expanding its service offering, including expanding to CNG, LNG and LPG virtual pipeline solutions, with several projects already supported by this ongoing investment.
Billy Morley, Global Head of Oil and Gas at Aggreko, said: “Flared gas has no production targets, but accounts for around 400 million tonnes of all CO2 equivalent emissions, enough to power sub-Saharan Africa . This wasted energy can be reused to provide electricity in countries that need it most, and we work with customers around the world to provide solutions to deliver such services to a range of projects and requirements. . This is an important part of Aggreko’s sustainability commitments by delivering competitive cleaner technologies and fuels that ensure reliable supply as alternatives – for example, we are seeing gas replacing diesel in more projects than ever before. .
Whether it’s enabling collaboration with other industries such as cryptocurrency mining, using virtual pipelines to move gas to other electricity demands or participating in environmental programs, Aggreko is ready to design and deliver these solutions and expects continued growth as a result. “