UEST is a strategic partnership of the HOT Energy Group, the ILF Group, RED Drilling & Services and CAC Engineering
The consortium fuses the individual partners’ decades of project management, specialised know-how and expertise in underground storage technologies. It empowers energy leaders by providing strategic advice and delivering high-end solutions in underground storage for natural gas, carbon dioxide, hydrogen storage and geothermal energy.
In an exclusive interview at ADIPEC, Dr Leonhard Ganzer, managing director of UEST, discussed the role of UEST, the current stage of the underground storage industry, key challenges and trends, and the expansion of UEST’s business domestically and internationally.
Explaining the origins of UEST, Dr Ganzer said, “Our journey as UEST started when three companies discussed the consequences of the energy transition on their businesses. It became clear very fast that much of it is around energy storage, energy storage at scale, in the geologic subsurface, and it is mainly around gases. That is the key of our competence and expertise. So we started this consortium covering all of these aspects along the value chain, and we are bringing this to our clients, advising them, identifying opportunities and managing the risks.”
Commenting on prospects in the Middle East, he said, “Here in the Middle East we see the need for accelerated and rapid scale-up, so we are not only transferring and bringing technology into this market, we are also trying to help scale it up. We consider the Middle East to be a prime market with the potential to become a global player and global hub for renewable energy, with its prime location for sun, wind and renewable energy generation that we need to transport and bring to other parts of the world.
“So we definitely see the Middle East as a central location to spread our technology and our interests. We have a strong presence here and are looking to build on that to be more involved in projects that are starting here right now.”
Watch the interview and learn more about global trends in underground energy and UEST.