Enterprise Group Announces Successful Flare Gas Application for New Client
Enterprise Group and its subsidiary Evolution Power Projects (EPP) announced success in a flare gas utilization project in North Central Alberta. EPP's mobile turbine power generation units are converting excess gas production into approximately 1 megawatt of continuous power for on-site applications. The project currently utilizes about 13% of EPP's natural gas power fleet, helping clients meet strict flaring and emissions standards while providing cost-effective power solutions. The initiative enables clients to leverage excess natural gas production in areas with minimal infrastructure, supporting production enhancement and field development needs.
Enterprise Group e la sua filiale Evolution Power Projects (EPP) hanno annunciato il successo di un progetto di utilizzo del gas di flare nel Nord-Centro dell'Alberta. Le unità di generazione di potenza a turbina mobile di EPP stanno convertendo l'eccedenza di produzione di gas in circa 1 megawatt di potenza continua per applicazioni sul posto. Il progetto attualmente utilizza circa il 13% della flotta di energia a gas naturale di EPP, aiutando i clienti a soddisfare severi standard di flaring e emissioni, offrendo soluzioni energetiche economicamente vantaggiose. L'iniziativa consente ai clienti di sfruttare l'eccedenza di produzione di gas naturale in aree con infrastrutture minime, supportando le necessità di miglioramento della produzione e sviluppo dei campi.
Enterprise Group y su subsidiaria Evolution Power Projects (EPP) anunciaron el éxito en un proyecto de utilización de gas de antorcha en el Centro-Norte de Alberta. Las unidades móviles de generación de energía a turbina de EPP están convirtiendo la producción de gas excedente en aproximadamente 1 megavatio de energía continua para aplicaciones en el lugar. El proyecto actualmente utiliza alrededor del 13% de la flota de energía de gas natural de EPP, ayudando a los clientes a cumplir con estrictos estándares de quema y emisiones mientras proporciona soluciones energéticas rentables. La iniciativa permite a los clientes aprovechar la producción de gas natural excedente en áreas con infraestructura mínima, apoyando las necesidades de mejora de la producción y desarrollo de campos.
엔터프라이즈 그룹 및 그 자회사 진화 전력 프로젝트(EPP)는 북부 알버타의 유가스 활용 프로젝트에서 성공을 발표했습니다. EPP의 이동식 터빈 발전 기기는 잉여 가스 생산을 약 1메가와트의 지속적인 전력으로 변환하여 현장 응용 프로그램에 사용하고 있습니다. 현재 이 프로젝트는 EPP의 천연 가스 발전 플릿의 약 13%을 활용하여 고객들이 엄격한 유가스 소각 및 배출 기준을 충족하는 동시에 비용 효율적인 전력 솔루션을 제공합니다. 이 이니셔티브는 고객들이 인프라가 최소한인 지역에서 잉여 천연 가스 생산을 활용할 수 있게 하여 생산 증진 및 유전 개발 요구를 지원합니다.
Enterprise Group et sa filiale Evolution Power Projects (EPP) ont annoncé le succès d'un projet d'utilisation du gaz de torchère dans le nord-central de l'Alberta. Les unités de production d'énergie à turbine mobile d'EPP convertissent la production de gaz excédentaire en environ 1 mégawatt d'énergie continue pour des applications sur site. Le projet utilise actuellement environ 13% de la flotte de puissance à gaz naturel d'EPP, aidant les clients à respecter des normes strictes en matière de torchage et d'émissions tout en fournissant des solutions énergétiques rentables. L'initiative permet aux clients de tirer parti de la production excédentaire de gaz naturel dans des zones où l'infrastructure est minimale, soutenant ainsi les besoins d'amélioration de la production et de développement de champ.
Enterprise Group und ihre Tochtergesellschaft Evolution Power Projects (EPP) haben den Erfolg eines Projekts zur Nutzung von Fackelgas im Nord- und Zentralalberta bekannt gegeben. Die mobilen Turbinenstromerzeugungseinheiten von EPP wandeln überschüssige Gasproduktion in approximately 1 Megawatt kontinuierlicher Energie für Anwendungen vor Ort um. Das Projekt nutzt derzeit etwa 13% der Erdgasstromflotte von EPP, was den Kunden hilft, strenge Fackel- und Emissionsnormen einzuhalten und gleichzeitig kosteneffiziente Energielösungen anzubieten. Diese Initiative ermöglicht es den Kunden, überschüssige Erdgasproduktion in Gebieten mit minimaler Infrastruktur zu nutzen und unterstützt die Anforderungen an Produktionssteigerung und Feldentwicklung.
- Successfully implemented flare gas utilization project converting waste gas into usable power
- Project utilizing 13% of company's natural gas power fleet, indicating growth potential
- Eliminates third-party fuel costs for clients by using their locally produced natural gas
- Positions company as sole provider of low emission site electrification power systems in Canadian energy industry
- None.
St. Albert, Alberta--(Newsfile Corp. - November 20, 2024) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the "Company" or "Enterprise"). Enterprise, a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One resource clients.
Enterprise Group, along with its wholly owned subsidiary, Evolution Power Projects ("EPP"), is pleased to announce the early success of an ongoing flare gas utilization project in North Central Alberta with a new client. Desmond O'Kell, President of Enterprise Group, emphasized the significance of this achievement, noting, "Firstly, it allows us to support a client in leveraging excess natural gas production in areas restricted by minimal infrastructure. Secondly, our advanced turbine technology offers Operators and Midstreamers a novel method to meet stringent flaring and emissions standards effectively." This initiative showcases our commitment to providing environmentally friendly, low-emission mobile power systems, demonstrating their efficacy in delivering cost-effective and advanced solutions for remote power needs. This project adds to our expanding portfolio of clients who prioritize efficient and sustainable energy solutions.
EPP's mobile turbine power generation units, known for their significant fuel tolerance, are now utilizing the client's excess gas production to generate about 1 megawatt of continuous power. This power is now readily available for various on-site applications, including production enhancement, further field development, and other local infrastructure needs.
Enterprise views this flare gas solution as highly beneficial for the industry, especially as regulations on flaring have become much stricter in recent years. EPP is compiling daily operational performance data to be used in marketing and business development efforts, which the company expects will boost demand for its mobile turbine equipment as this project site is currently utilizing approximately
Enterprise Group continues to advance its position as the sole provider of low emission site electrification power systems to the Canadian energy industry. Canadian energy producers who are enthusiastic about emission reductions, efficiency, safety and drastically lowering their fuel costs are turning to Enterprise's methods by displacing diesel and utilizing natural gas on their project sites. On the majority of project sites, natural gas produced locally by the client is powering the turbine power generators, thus eliminating third party fuel costs.
About Enterprise Group, Inc.
Enterprise Group, Inc is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedarplus.com. For questions or additional information, please contact:
For questions or additional information, please contact:
Leonard Jaroszuk: Chairman & CEO, or
Desmond O'Kell: President & Director
contact@enterprisegrp.ca
780-418-4400
Forward Looking Information
Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedarplus.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
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