The hydrogen scale-up Eternal Power has signed energy manager Frank Mastiaux as Shareholder and Senior Advisor. With immediate effect, the former CEO of EnBW Energie Baden-Württemberg AG will support the Hamburg-based company in its mission to become one of the world’s leading, fully integrated producers of green hydrogen.
ETERNAL POWER secures land for green hydrogen production close to Rostock. The green energy required for splitting water into green hydrogen and oxygen will be generated by 40MW of new solar PV capacity. This will result in almost 1,000 tons of green hydrogen per year. The hydrogen will supply future hydrogen fueling stations in the area.
The UAE Ministry of Energy and Infrastructure and the German Federal Ministry for Economic Affairs and Climate Action invited ETERNAL POWER to join the Emirati-German Hydrogen Task Force. The Task Force on Hydrogen and Synthetic Fuels creates a network between governments, industry and research institutes from both countries. The objective of the Task Force is to work out concrete recommendations for the UAE Ministry of Energy & Infrastructure (MOEI) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK). Furthermore, the UAE and German governments pursue to identify strategic bilateral energy and industry projects.
ETERNAL POWER signed a Joint Venture Agreement with a leading local partner to develop green hydrogen production sites at large scale for export and local off-take. The construction is planned in three phases. In the first phase, almost 200,000 tons of green ammonia, a transportable green hydrogen derivative, are planned. The capacity will be ramped-up to almost 500,000 tons of green ammonia per year. In the third phase, additional 80,000 tons of liquid hydrogen will be delivered yearly to local off-takers.
ETERNAL POWER joined the UAE delegation on 2 of their 3 stops in Germany to talk about the next steps in building up the green hydrogen economy. The delegation was headed by H.E. Sharif Salim al Olama, Undersecretary of the Ministry of Energy and Industry, with representatives of ADNOC and Masdar. The commitment shown by both governments is a clear signal and further strengthens our joint venture in the UAE.
ETERNAL POWER was invited by McKinsey & Company to the Green Business Building Global Summit 2022 in Stockholm, a forum for leading greentech disruptors, unicorns, incumbents and investors.is now a member of the H2Global Foundation: We are looking forward to adopt an active role in promoting the green hydrogen sector.
