ETERNAL POWER secures land in Germany for 40MW solar PV to produce 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.

Ministries of UAE and Germany invite ETERNAL POWER to join the Hydrogen Task Force

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.

Establishing a strong partnership in Vietnam for a 3+GW production capacity

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.

Prof. Dr. Hagen Lindstädt joins our advisory board

Prof. Dr. Hagen Lindstädt joined ETERNAL POWER as new member of our advisory board. Hagen brings more than three decades of strategy experience, working with senior management and executives, mainly in the Chemicals, Automotive, Energy, and Basic Materials industries. He has a background as professor for strategy and management since more than 20 years and holds a chair from Karlsruhe Institute of Technology (KIT), one of Europe’s leading institutions in energy research. Hagen’s experience in strategy and management will help us at Eternal Power to solve the big challenges of the green hydrogen economy.

UAE delegation meets ETERNAL POWER in Germany

An Emirati delegation headed to Germany to discuss cooperation between the two countries in the field of clean energy. ETERNAL POWER joined the UAE delegation 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.

Shaping a green future at the McKinsey GBB22

The McKinsey & Company Green Business Building Global Summit 2022 in Stockholm brought together leading greentech disruptors, unicorns, incumbents and investors to discuss the imperative of hyperscaling climate technologies. ETERNAL POWER presented and discussed the key success factors of realising large-scale production of green hydrogen at the pace needed to achieve climate goals.

ETERNAL POWER becomes a member in the H2Global Foundation

The H2Global Foundation was founded to promote the green hydrogen and Power-to-X (PtX) products in Europe. The auction-based mechanism bridges differences between supply and demand prices with funds from the German government. For the initial phase, BMWK is providing funding of €900m. ETERNAL POWER is now a member of the H2Global Foundation and actively involved in shaping the this powerful tool to accelerate the market ramp-up.

Signed a JV agreement with a leading group in Turkey

In Ankara, ETERNAL POWER has signed a Joint Venture Agreement with a strong, highly experienced and well established Turkish Group to set up a Joint Venture company to develop, finance, build and operate green hydrogen (or derivatives thereof) production facilities in Turkey and other countries in the region with a capacity of at least 1GW installed renewable energy capacity.

Signed a MoU with four local partners in Brazil

A MoU was signed with four local partners in Brazil to develop green hydrogen production facilities of up to 1GW (electrolyzer capacity) in the Ceará Export Processing Zone (‘ZPE’), adjacent to the Port of Pecém, the hydrogen „hot spot“ close to Fortaleza.

JV agreement signed in UAE

A Joint Venture Agreement with a local partner in Abu Dhabi was signed to establish a leading producer of green hydrogen and its derivatives in the GCC region. The first production site is a greenfield project encompassing renewable energy generation, hydrogen production and its conversion to green ammonia. The development and commissioning is planned in two phases: 1) 250MW and 2) 1GW electrolysis capacity.