VALLOUREC AND GEOSTOCK SIGN A PARTNERSHIP AGREEMENT TO ACCELERATE LARGE-SCALE STORAGE SOLUTIONS FOR THE ENERGY TRANSITION

Core Insights - Vallourec and Geostock have signed a Memorandum of Understanding to enhance collaboration in developing infrastructure for the energy transition, focusing on hydrogen and carbon capture, utilization, and storage (CCUS) [1][5][6] Group 1: Partnership Details - The collaboration emphasizes hydrogen storage, leveraging Vallourec's Delphy storage system, which can store up to 100 tons of hydrogen, and Geostock's mined lined rock caverns, suitable for capacities exceeding 500 tons [2][4] - Both companies will share expertise in well architecture and tubular solutions for hydrogen and CCUS applications, enhancing the safety and performance of underground storage infrastructures [4][6] Group 2: Strategic Importance - This partnership is part of Vallourec's strategy to collaborate with key players in the New Energies sector, addressing industrial, environmental, and economic challenges of the energy transition [5][6] - Geostock aims to broaden its range of solutions for underground hydrogen storage, leveraging Vallourec's expertise in metallic materials across various storage techniques [6][9]