Fortescue and Enel Green Power form hydrogen partnership
Australia’s Fortescue Future Industries (FFI) and Italy’s Enel Green Power (EGP) are partnering up to explore the co-development of the green hydrogen value chain with an initial focus on Latin America and Australia.
Through this collaboration, the companies aim to make green hydrogen cost-competitive with fossil fuel-based alternatives during this decade.
The partnership is expected to support FFI and EGP in their goals to diversify future energy supply and increase energy security, and contribute to lowering emissions and fighting climate change.
The collaboration intends to establish a framework for FFI and EGP to identify and assess possible green hydrogen/ammonia projects.
The partnership is said to mark an important milestone for the two partners as they look to bring even more large-scale production sites of green hydrogen and green ammonia to Latin America, as well as to Australia.
CEO of FFI, Mark Hutchinson, said: “This exciting announcement comes at a critical moment in energy. As winter approaches and energy costs continue to skyrocket, competitive green energy costs have never been more needed.
“Green hydrogen and green ammonia are part of the solution for not only energy security and lower energy costs but also for fighting climate change. With a strong proven record and dedication to green energy, Enel is the perfect partner to work with to make a green future a reality.”
CEO of Enel Green Power, Salvatore Bernabei, added: “We strongly believe that in the near future green hydrogen can play a strategic role in the decarbonisation of global energy systems, complementing direct electrification.
“This collaboration with a partner such as FFI fully fits within Enel’s hydrogen strategy to reduce the green hydrogen production cost, through the scale-up of technology and through innovative solutions.”
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