Masdar and Verbund sign green hydrogen pact for Central Europe

Masdar and Verbund sign pact to develop green hydrogen for Central Europe

MoU focuses on developing pathways to produce and export hydrogen for Austria and southern Germany

Abu-Dhabi headquartered clean energy firm Masdar and Austrian utility VERBUND are to explore the production of green hydrogen for Austria and Southern Germany.

The two companies have signed a memorandum of understanding to produce and export hydrogen, with Verbund chief executive Michael Strugl stating that green hydrogen “is the game-changer for a sustainable energy system, taking us a step closer to carbon neutrality”.

Verbund generates 97% of its electricity from renewables, mainly hydropower, plus some wind and solar.

Rolls Royce runs gas engine on 100% hydrogen: Read here
Statkraft and Nel unite to create hydrogen economy in Norway

Strugl believes green hydrogen will become a crucial building block to decarbonize industry and transport in Europe and Verbund has already launched several flagship projects to expand its value chain into green hydrogen.

Last year, Masdar announced the establishment of its new green hydrogen business, with a goal of producing 1 million tonnes of green hydrogen per annum by 2030.

Masdar signs 5GW renewable energy deal with Angola, Uganda and Zambia

Masdar chief executive Mohamed Jameel Ramahi said that the “future is upon us” in respect of green hydrogen.
On our sister site Enlit.world:
Green hydrogen startup spotlight: Enapter
Why Europe’s head start on hydrogen is at risk

No posts to display