ADX Energy reckons it has the skills to redeploy its O&G assets for green energy alternatives
Energy
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In 2019 ADX Energy purchased a long-life producing oil field in Austria but rather than continue the O&G route, the company is instead looking to use its assets and know-how to potentially generate geothermal power.
Plans are in the works for a geothermal pilot plant with Siemens Energy and RED Drilling & Services GmbH (RED) – in a move that executive chairman Ian Tchacos said was a no-brainer considering its Zistersdorf and Gaiselberg oil field is right on the doorstep of the Alps.
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