Challenge & Opportunity
Rising Emissions
Rising Temperatures
Energy Transition
Our Solutions
Rising global temperatures have been causally linked with the dramatic increase in global CO2 and other greenhouse gas emissions since the pre-industrial era.
Globally, over 35Bt of CO2 is emitted annually as of 2022.
Surplus heat is fueling various regional and seasonal temperature extremes, leading to diminished snow cover and sea ice, heightened occurrences of heavy rainfall, and alterations in habitat ranges for flora and fauna
Renewable energy supply has grown significantly in proportion to total demand, but fossil fuel depency remains high globally.
As a result, investment in energy transition remains a major opportunity.
Veri is tackling the energy transition with a portfolio projects:
Decarbonizing existing infrastructure;
Large scale carbon storage; and
New energy projects




Carbon Capture & Storage
Fossil fuel-related carbon dioxide (CO2) emissions globally exceed 35 billion tonnes as of 2022. These emissions come from industrial processes and stationary emission sources, such as power stations, cement production and refineries. About 50 per cent of the total anthropogenic (human-made) CO2 emissions between 1750 and 2010 have been produced in the last 40 years, and have been causally linked to the significant rise in global temperatures in recent decades.
The Intergovernmental Panel on Climate Change emphasizes CCS as crucial for limiting temperature increases to 1.5°C per Paris Agreement.
Carbon capture and storage, or CCS, has emerged as a major tool to reduce industrial CO2 emissions. CCS involves capturing CO2 at emission sources, transporting and then storing or burying it in a suitable deep, underground location. CCS can also mean the removal of CO2 directly or indirectly from the atmosphere.
CO2 can be captured from large sources, such as power plants, natural gas processing facilities and some industrial processes. Capture from the open atmosphere is also possible.
How CCS Works:
- Capture: Separation of CO2 from industrial processes like steel, cement production, or fossil fuel burning.
- Transport: Compression and transportation via pipelines, roads, or ships.
- Storage: Injection into deep underground geological formations for permanent storage. These locations include saline aquifers or depleted oil and gas reservoirs, typically 0.62 miles (1km) or deeper underground.
Hydrogen - A Potential Energy Revolution
Abundance
Hydrogen is the most abundant element in the universe, though it typically exists in compounds such as water and hydrocarbons. This means that there is a vast potential for hydrogen production from readily available resources.
Clean Energy Carrier
When hydrogen is used in fuel cells or combustion processes, the only byproduct is water vapor, making it a clean energy carrier. This is particularly important for mitigating climate change and reducing air pollution, as hydrogen combustion does not emit greenhouse gases or harmful pollutants.
Versatility
Hydrogen can be utilized in a wide range of applications across different sectors, including transportation, industry, power generation, and heating. It can be used as a fuel for fuel cell vehicles, a feedstock for industrial processes, and a storage medium for renewable energy, among other uses.
Energy Storage
Hydrogen has the potential to play a crucial role in energy storage, particularly for renewable energy sources like solar and wind power. Excess energy generated from renewables can be used to produce hydrogen through electrolysis, which can then be stored and later converted back into electricity or heat when needed.
Decarbonization
As countries strive to reduce their carbon emissions and transition to low-carbon energy systems, hydrogen offers a promising pathway for decarbonizing hard-to-abate sectors such as heavy industry, shipping, and aviation. By replacing fossil fuels with hydrogen, these sectors can significantly reduce their carbon footprint.
Energy Security
Hydrogen has the potential to play a crucial role in energy storage, particularly for renewable energy sources like solar and wind power. Excess energy generated from renewables can be used to produce hydrogen through electrolysis, which can then be stored and later converted back into electricity or heat when needed.
Technological Advances
Advances in hydrogen production, storage, and utilization technologies, along with decreasing costs, are making hydrogen more economically viable and competitive with conventional energy sources. Research and development efforts are further driving innovation and improving the efficiency and scalability of hydrogen technologies.
Overall, hydrogen is being touted as a major new energy source due to its abundance, cleanliness, versatility, potential for energy storage, role in decarbonization, contribution to energy security, and ongoing technological advancements. While there are still challenges to overcome, such as scaling up production and infrastructure development, hydrogen holds great promise as a key component of future sustainable energy systems.