Pilot Energy

What Pilot Energy does

Pilot Energy Limited (ASX:PGY) is a publicly listed junior energy company headquartered in West Perth, Western Australia, that is executing a strategic pivot from upstream oil and gas into carbon management, clean hydrogen, clean ammonia, and data center power. Its legacy asset is a 21.25% interest in the Cliff Head Oil Field in the Perth Basin (increasing to 100% on completion of the announced Triangle Energy acquisition), supported by a 100% working interest in exploration permit WA-481-P containing an estimated 1.1 TCF of recoverable gas potential.

The core future business is the Mid West Clean Energy Project, anchored by Australia's first offshore carbon capture and storage project at Cliff Head targeting approximately 2.5 million tonnes per annum of CO2 storage capacity. The company is also developing clean ammonia production (up to 1 million tonnes per annum) for export to APAC markets, blue hydrogen integrated with CCS, and the country's first direct air capture demonstration facility in partnership with US-based Capture6, which converts saline formation water into CO2 capture feedstock while producing freshwater and green chemicals. Complementary initiatives include modular data centers in JV with Kala Data (Dongara Data Center, 1MW initial scaling to 4MW by mid-2026 and potentially 30-50MW) and a hybrid solar and battery storage project with SN Energy at Three Springs supporting a proposed 50MW data center.

Pilot employs 1-10 people and operates a B2B enterprise go-to-market combining direct sales to industrial carbon emitters, JV partnerships with technology and data center counterparties, and equity capital raising through ASX markets. Revenue mechanics span oil production (declining legacy), CCS service contracts (future recurring), data center power provision (usage-based), ammonia export (transaction-fee), and capital markets financing. The company is pre-commercial on its CCS, DAC, ammonia, and large-scale data center lines, with operational milestones still in early stages through 2026.

Name

Pilot Energy

Legal name

Pilot Energy Limited

Website

https://pilotenergy.com.au

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Pilot Energy Limited (ASX:PGY) is a Western Australia-based junior energy company transitioning from oil and gas to carbon capture and storage, direct air capture, clean hydrogen, clean ammonia, and data center power provision for industrial and AI-driven customers.

Ownership category

akta.pro rank

Product category

Oil and Gas / Clean Energy Transition

NAICS

Oil and Gas Extraction (2111), Natural Gas Extraction (21113), Natural Gas Extraction (211130)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane) (EUABABAL)

akta.pro secondary industries

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG), Wind Farm Development & Permitting (Greenfield/Brownfield) (EUACAFAE)

Keywords

• Oil gas exploration
• Carbon capture storage
• Direct air capture
• Clean ammonia export
• Blue hydrogen production

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Technology or R&D, Operations

Revenue model

1. Oil and Gas Production: Pilot holds 21.25% interest in the Cliff Head Oil Field (increasing to 100% on completion of Triangle Energy acquisition), generating revenue from oil and gas production from WA-31-L permit.
2. Carbon Management Services: Providing carbon capture and storage services to third-party industrial emitters. The Cliff Head Carbon Storage project aims to capture ~2.5 million tonnes per annum of carbon for third parties and the company's own blue hydrogen production.
3. Data Center Power Provision: Partnering with Kala Data to provide power from repurposed gas-fired generation capacity to run modular data centers. Generates early cash flows while funding the transition to carbon storage.
4. Clean Ammonia and Hydrogen Production: Mid West Clean Energy Project aims to produce up to 1 million tonnes per annum of clean ammonia for export to APAC Clean Energy markets, derived from blue hydrogen production.
5. Equity and Capital Funding: A$25 million institutional equity subscription facility with LDA Capital; convertible note funding of up to A$1.8 million; A$500,000 bridge funding from Triangle Energy and directors.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Pilot Energy Limited acquires, explores, and develops conventional oil and gas assets while transitioning into clean energy through the Mid West Clean Energy Project, which integrates carbon capture and storage, blue hydrogen production, and clean ammonia export. The company is converting the Cliff Head Oil Field into Australia's first offshore CCS facility and has launched a Direct Air Capture demonstration facility with Capture6, plus a modular data center powered by repurposed gas-fired generation.

Product overview

Pilot Energy is an ASX-listed (ASX:PGY) junior oil and gas exploration and production company undergoing strategic transition to clean energy. The company's product portfolio centers on the Mid West Clean Energy Project (MWCEP), a clean ammonia export initiative producing up to 1 million tonnes per annum, underpinned by the Cliff Head Carbon Capture and Storage (CHCS) project targeting 2.5 million tonnes per annum of CO2 storage capacity. The company also operates Australia's first direct air capture demonstration facility at Cliff Head, developed with Capture6. Additional offerings include modular data center services at Dongara (1MW initially, scaling to 50MW) and blue hydrogen production capabilities. Legacy operations include the Cliff Head Oil Field (21.25% interest, expanding to 100%) and the WA-481-P exploration permit (100% interest) with approximately 1.1 TCF gas resource potential. The company is transforming from petroleum extraction to carbon management, hydrogen production, and clean ammonia export.

Differentiator

Problem solved

Functional benefit

Brands

• Mid West Clean Energy Project: Clean ammonia export project producing up to 1 million tonnes per annum of clean ammonia, including carbon management services and blue hydrogen production.
• Cliff Head Carbon Storage Project

Products and services

• Mid West Clean Energy Project (MWCEP) A clean ammonia export project targeting up to 1 million tonnes per annum of clean ammonia for APAC clean energy markets, integrating carbon management services, blue hydrogen production, and clean ammonia production and export.
• Cliff Head Carbon Capture and Storage (CHCS) Project Australia's first offshore carbon storage project, targeting approximately 2.5 million tonnes per annum of permanent carbon capture and storage from third-party industrial emissions and the MWCEP's own blue hydrogen production.
• Direct Air Capture Demonstration Facility Australia's first direct air capture demonstration facility at Cliff Head onshore plant near Dongara, WA, developed with Capture6 to convert saline formation water into CO2 capture feedstock while producing freshwater and green industrial chemicals.
• Dongara Data Center Modular data center facility at the former Cliff Head Oil processing facility near Dongara, Western Australia; currently 1MW with expansion planned to 4MW by H2 2026 and further scaling to 30-50MW, powered by existing on-site gas-fired generators.
• Blue Hydrogen Production Blue hydrogen production integrated with carbon capture and storage, with feasibility studies conducted with Genesis, Technip Energies, and 8 Rivers Capital for clean hydrogen production using NET Power and 8RH2 technologies.
• Cliff Head Oil Field Operating oil field in WA-31-L in which Pilot Energy holds a 21.25% interest (increasing to 100% pending the Triangle Energy acquisition), being repurposed from oil production to carbon storage under the MWCEP.
• WA-481-P Exploration Permit 100% working interest exploration permit containing oil and gas discoveries north of Cliff Head Oil Field, with potential for approximately 1.1 TCF recoverable gas resources from the Kingia sandstone analogue.

Quantifiable outcome

• Carbon storage capacity: ~2.5 million tonnes per annum CO2 capture
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• Capture6coreTechnology or Integration · 26 February 2026US-based technology group partnered for direct air capture demonstration facility at Cliff Head onshore plant near Dongara. Technology converts saline formation water into CO2 capture feedstock while producing freshwater and green industrial chemicals. Plans for commercial-scale operations targeting up to 35,000 tonnes CO2 removal per year, expanding to 350,000 tonnes annually.
• SN Energy AustraliacoreStrategic or Co-development Partner · 6 January 2026Binding heads of agreement to jointly develop a hybrid solar and battery energy storage system at Three Springs site, designed to support a proposed 50-megawatt data centre. SN Energy funds land acquisition while Pilot receives total consideration of $10.75 million in upfront and milestone payments plus $500,000 short-term unsecured loan.
• Kala DatacoreStrategic or Co-development Partner · 16 October 2025Partnership with UAE-based Kala Data to launch modular data centres at Arrowsmith production facility and Dongara Data Center (former Cliff Head Oil processing facility). Target 1 MW capacity by early 2026, scaling to 4 MW by mid-2026, with potential 30-35MW expansion. Deal generates early cash flows to support carbon storage transition.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Triangle Energy (Global) Limited: Holds the 78.75% interest in Cliff Head that Pilot is acquiring; an Australian micro-cap E&P operator with overlapping Perth Basin acreage and direct counterparty exposure to Pilot through the WA-481-P loan and option arrangement.
• Strike Energy Limited: ASX-listed Australian natural gas developer (Perth Basin operator of the West Erregulla gas field) with comparable asset base, scale, and emerging-energy transition profile; the most direct small-cap Australian gas peer to Pilot's upstream portfolio.
• Warrego Energy Limited: Australian gas-focused E&P company where Pilot's Chairman Greg Columbus previously served as Independent Non-Executive Chairman; comparable in scale, geography (Perth Basin/Western Australia), and gas-development stage.
• Talon Energy Limited: Small-cap Australian gas exploration company where Pilot's Chairman also previously served; shares Western Australian gas exploration profile and similar board overlap, making it a closely comparable small-cap peer.

Broad incumbents

• Santos Limited: Australia's largest domestic gas producer and a leader in CCS deployment (Moomba CCS project); comparable as an established Australian oil and gas operator actively scaling CCS, hydrogen, and ammonia — the incumbent Pilot is positioning against in the same WA Mid West region.
• Beach Energy Limited: ASX-listed Australian oil and gas producer and a former employer of Pilot's new CEO Brian Siddall; overlapping Western Australian operations and a relevant comparator for capital allocation between legacy upstream and emerging clean energy investments.
• Origin Energy Limited: Major Australian integrated energy company with active hydrogen and clean energy programs; multiple Pilot board/management alumni (Siddall, Wallace) come from Origin, and it represents the scale of operator Pilot aims to evolve toward in hydrogen and ammonia.

Emerging players

• Climeworks AG: Global direct air capture technology leader; comparable to Pilot's Capture6 partnership as a pioneer scaling DAC infrastructure, but operating at much larger commercial scale in Iceland and the US — the closest global comparable for Pilot's DAC ambitions.
• Heirloom Carbon Technologies: US-based DAC technology company using limestone-based capture; relevant peer for Pilot's DAC strategy and a potential benchmark for unit economics, project timelines, and offtake structures in the emerging DAC industry.
• CarbonCapture Inc. US-based DAC technology developer with multiple commercial-scale project announcements; comparable as a venture-stage DAC peer targeting large-tonnage CO2 removal and providing reference points for Pilot's planned 35,000-350,000 t/yr trajectory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Pilot_EnergyLtd
• LinkedInau.linkedin.com/company/pilot-energy-pty-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pilot Energy