Milestones
Using upstream wind and solar, InterContinental Energy is committed to accelerating the energy transition through large-scale production of green fuels with partners.
We were founded in 2014 and have been pioneering green hydrogen at scale. As we continue to march on with our project partners over the next decade, here are the snapshots of our beginning and the milestones achieved over the last ten years.
2000s
The Beginning
During the mid-2000s, Alex Tancock started looking at satellite-derived global wind and solar maps, and an idea began to germinate.
He thought about the immense windy and sunny deserts as untapped natural resources that could potentially produce clean energy for export, and whenever wind and solar energy reaches a low price point. So, he began researching and taking inspiration from several sectors, including the oil and gas industry.
2014
In 2014, Alex made a calculated assessment that the time was right for him to pioneer the concept of the ‘green super giant’, and he launched the company, InterContinental Energy, with the long-term vision to produce green energy at scale.
Alex studied several coastal sites around the world to identify regions that not only could use High Voltage Direct Current (HVDC) power lines, but would be future-proofed because they could also adopt other promising technologies in the future.
2015
InterContinental Energy pioneered the concept of the largest scale wind/solar energy hubs, and led the development of the Asian Renewable Energy Hub (AREH) in the Pilbara Region at Western Australia, together with partner CWP Global.
2017
The AREH Environmental Impact Assessment was submitted to the Western Australian Government.
At the same time, InterContinental Energy teamed up with the sovereign wealth fund of Oman to begin development of Green Energy Oman (GEO).
2018
Green Hydrogen was identified as the most promising long-term vector that could be transported as green energy to customers at scale, this is when InterContinental Energy pivoted its portfolio accordingly.
During this year, EnerTech joined the GEO consortium.
2019
The development of Western Green Energy Hub (WGEH) began after sealing the partnership agreement framework with the Mirning People.
2020
AREH became the second largest electricity project in history to be permitted. This has helped to establish a new global template for giga-scale wind and solar energy hubs.
In the same year, OQ (the Sultanate of Oman’s global integrated energy company) joined the GEO consortium, replacing the sovereign wealth fund of Oman.
2022
In April, the Government of Singapore Investment Corporation (GIC) became the strategic investor of InterContinental Energy.
In late 2022, bp took over the operatorship of AREH and the project was renamed the Australian Renewable Energy Hub.
2023
In January, Shell joined the GEO consortium as the lead operating partner.
In June, InterContinental Energy entered into key project agreements with Hydrogen Oman SPC (Hydrom) as part of the GEO consortium to produce green hydrogen and its derivatives in the Al Wusta region of the Sultanate of Oman.
In September, InterContinental Energy entered the next phase of growth with strategic equity investments from GIC and Hy24, totaling USD 115 Million. GIC deepened its shareholding position in InterContinental Energy with continued investment, while Hy24 brought a rich ecosystem of leading industrial and financial players in the hydrogen value chain, creating new opportunities for InterContinental Energy and its stakeholders.
2024
InterContinental Energy celebrates its 10th year milestone of pioneering green hydrogen development at scale.
