E.ON Gas Storage examining CO2 storage options

E.ON Gas Storage GmbH (EGS) has filed an application with the Lower Saxony mining, energy and geology office (LBEG) for permission to carry out geological investigations in the Weser area. Over the next five years it is to be examined whether geological conditions in that area are suitable for building an underground CO2 storage facility. This study is part of an E.ON programme for carbon capture and storage (CCS).

The application for an exploration permit covers 17 towns and districts in Lower Saxony and Bremen. The study, which is to last five years, is divided into three phases: In the first two years, geological underground data will be collected and evaluated. In the third and fourth years, seismic surveys are to be carried out and exploration wells drilled. In the fifth year, the study is to be completed with geological three-dimensional modelling of a conceivable CO2 storage facility together with all collected data on a supercomputer.

CO2 storage forms part of CCS technology, which is intended to reduce CO2 emissions. With the aid of CCS, conventional power stations can make an important contribution towards lowering CO2 emissions. Fossil fuels like coal, which currently play a large part in worldwide energy supplies, cannot be completely replaced in the coming decades by low-carbon or carbon-free types of energy production. Using CCS technology, it would be possible with the aid of coal, an energy source which is still available for several centuries, to achieve almost emission-free energy supply that is secure, affordable and environmentally friendly.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.