Swiss renewables developer Terra Sola AG has agreed to deploy the technology of New York City-based H2-Industries Inc in its green hydrogen production projects across Africa.
The partners have signed a Memorandum of Understanding (MoU) that backs Terra Sola’s development of large-scale solar energy projects in some African countries. The pact, set to create a “multimillion US dollar cooperation,” will see the Swiss firm integrate H2-Industries’ liquid organic hydrogen carriers (LOHC) technology into hydrogen projects in selected countries, it said on Thursday.
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The proposed schemes will provide solutions for local industrial feedstock and options for the storage and release of electricity, while stabilising the grid. With the LOHC technology, renewable power is converted into hydrogen, stored and transported and then released for power generation via fuel cells.
Terra Sola, which is developing 10 GW of solar projects in African countries, said that work on the first scheme under the new partnership is due to begin in the first quarter of 2023. According to it, the collaboration will accelerate the transition of local industries to renewable energy and improve the socio-economic development in the selected countries.
H2-Industries Inc is the developer of a USD-4-billion (EUR 3.84bn) waste-to-hydrogen plant in the East Port Said integrated zone in Egypt.
(USD 1.0 = EUR 0.960)