Hydrogen producer ETERNAL POWER recognizes the mobility sector, particularly heavy-duty transport, and the chemical industry as key drivers for the rapid development of the green hydrogen market. Despite being currently more expensive than fossil alternatives, industries that must adhere to CO2 quotas and are technically prepared to switch to green hydrogen present a positive business case.
A team of ETERNAL POWER visited Portugal together with the local cooperation partner to evaluate potential project sites and was impressed by Portugal’s ambitions and pace with regards to decarbonizing their power system and becoming a net exporter of green hydrogen.
Eternal Power aims to produce green hydrogen for 3 euros per kilogram by 2030, primarily in countries like Chile. The forecast considers five factors to be most relevant: renewable energy and electrolyser costs, technological advancements, competition, and political incentives.
Together with its Chilean partners, ETERNAL POWER is developing green hydrogen projects exceeding 3 GW of installed capacity in northern Chile. As part of a trip to Chile, ETERNAL POWER and a team of their partners visited and assessed different potential project sites for hybrid wind and PV hydrogen projects in the Atacama Desert.
Dr. Moritz Schwencke and Robert Meitz from ETERNAL POWER joined this year’s McKinsey GBB which connects entrepreneurs, innovators and investors with the aim to build green businesses. The team presented ETERNAL POWERs approach to become a fully integrated supplier for green hydrogen and had great conversations with other companies interested and active in the sector.
Munich-based agency SCRIVO Public Relations has been chosen by ETERNAL POWER to handle its communications mandate. SCRIVO’s extensive experience in the energy sector and hydrogen technologies makes them an ideal choice for providing public relations and communications consulting for ETERNAL POWER.
As member of the German-Emirati Hydrogen Task Force, ETERNAL POWER participated in the 7th Emirati-German Energy & Climate Day hosted by the German Federal Ministry for Economic Affairs and Climate Action in Abu Dhabi. Dr. Moritz Schwencke und Robert Meitz also joined the discussions on the World Future Energy Summit in Abu Dhabi and met with partners to discuss concrete next steps for joined projects.
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.
Eternal Power is rapidly growing its global footprint by forging strong partnerships with local groups. In its pursuit of building a fully integrated global producer of green hydrogen at large scale, Eternal Power is supported by different governments. Eternal Power is working on 15+ project opportunities for renewable energy and hydrogen production projects on four continents and with a capacity of more than 5+ GW.
