ETERNAL POWER operates in countries which are crucial import partners of green hydrogen for Germany
Germany is expected to import around 80% of its future green hydrogen demand, presenting opportunities for diversification and reduced dependence on specific partners. ETERNAL POWER operates amongst other in Brazil, the UAE, Turkey, Namibia and Vietnam, where the scale-up sees significant potential for low-cost green hydrogen production and where the German Federal Ministry for Economic Affairs and Climate Action is discussing or has already signed partnerships:
Brazil offers not only low-cost solar and wind energy production but also a large-scale bioethanol industry that can produce hydrogen derivatives. Brazil’s existing renewable energy production and partnership potential make it an attractive green hydrogen partner.
The United Arab Emirates (UAE) provide ideal conditions for cost-effective green hydrogen production, with political support for rapid project development and low costs of green electricity which is the main cost driver of green hydrogen. The Emirati-German Hydrogen Task Force, of which ETERNAL POWER is also part of, promotes deeper energy partnerships.
Turkey generates 50% of its electricity from renewables and aims to reduce energy imports. Collaboration between Germany and Turkey on green hydrogen is facilitated by their strong trade relationship and concerns about climate change impacts in Turkey.
Namibia‘s suitable areas for wind and solar plants make it a promising energy partner for Germany, although infrastructure and production facilities require further development. The paradigm shift towards renewable energy presents significant opportunities for Namibia’s future.
Vietnam, one of the countries most affected by climate change, prioritizes the transition to a green economy. Collaborations between German and Vietnamese companies on green hydrogen production initiate an energy dialogue, with Vietnam’s relatively low production costs positioning it as a leading exporter of green hydrogen in Asia.
European countries, including Scandinavia, the Iberian Peninsula, and Greece, offer potential for economic sectors driven by green hydrogen. Spain seeks energy independence and aims to export green hydrogen to neighboring countries, with the advantage of cost-effective land-based transportation via pipelines.
Press releases:
https://www.energie-und-management.de/nachrichten/detail/eternal-power-nennt-vielversprechende-wasserstoff-regionen-184288
