Veri Energy: Fuelling the Energy Transition
Veri Energy is an energy transition company dedicated to transforming existing infrastructure and delivering large-scale decarbonisation projects. As a wholly owned subsidiary of EnQuest plc, Veri Energy is at the forefront of efforts to repurpose and extend the life of key energy assets while supporting the UK’s net-zero ambitions.
At the core of Veri Energy’s strategy is the redevelopment of the Sullom Voe Terminal (SVT) in Shetland, one of the UK’s largest energy hubs. Leveraging Shetland’s strategic location and existing infrastructure, Veri Energy is developing a suite of low-carbon projects, including:
• Carbon Storage: Veri’s carbon storage project will be a phased development, initially focussed on 2 of the NSTA licences awarded to Veri in 2023 and based on the deepwater port at SVT combined with repurposing of the existing East of Shetland Pipeline system. The project will be a non “Track”, merchant, non-pipeline transport project. The existing infrastructure has capacity for up to 10 million tonnes of storage annually with first injection expected by 2030.
• Renewable Power: Veri is advancing an onshore wind project at SVT targeting first electrons in 2027-2028 that will leverage the Shetland Islands high wind capacity factor. Longer-term Veri is evaluating a number of renewable power, electrification projects at the terminal and beyond.
• E-Fuels & Hydrogen: Developing sustainable fuels derived from renewable energy and captured CO₂, providing alternatives for hard-to-abate sectors such as aviation and shipping.
With EnQuest’s expertise in asset management and operational efficiency at SVT, Veri Energy is uniquely positioned to deliver cost competitive and scalable decarbonisation solutions.
Veri Energy is committed to collaborating with industry partners, government stakeholders, and local communities to drive innovation and create long-term value. Through these efforts, the company is playing a pivotal role in shaping the future of sustainable energy in the UK and beyond.
